$135,000
5.07 Acres
Land
Sam DiVittorio, Listing Office: Realty Executives Florida Parishes
Is Springfield, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Springfield has remained a Buyer's Market.
Key Takeaway
Springfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springfield, LA
How much do homes in Springfield, LA cost?
Median Sold Price
$260,675
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$64,325(-19.8%)
Key Takeaway
Homes in Springfield have sold for 19.8% less than they did a year ago.
Summary: The median home sold price in Springfield was $260,675 in October 2024, down 19.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.7K | $100K | +19.4% |
| 2 Bedrooms | $149.9K | $257.5K | +71.8% |
| 3 Bedrooms | $330K | $255K | -22.7% |
| 4 Bedrooms | $405.9K | $377.3K | -7.1% |
| 5+ Bedrooms | $487.9K | $316.9K | -35.0% |
Summary: Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 71.8%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 35%.
Housing Supply in Springfield, LA
How many homes are available in Springfield, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Springfield real estate market had 38 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Springfield in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield, LA
How long does it take to sell a home in Springfield, LA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springfield has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Springfield; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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