$5,047 Closing Credit*
$425,000
1,864 SqFt
3 Beds
•2 Full Baths, 1 Partial
Bryan Cryer, Listing Office: LPT Realty, LLC.
Is Springfield, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$277,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$47,500(-14.6%)
Key Takeaway
Homes in Springfield have sold for 14.6% less than they did a year ago.
Summary: The median home sold price in Springfield was $277,500 in November 2024, down 14.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $100K | +25.0% |
| 2 Bedrooms | $149.9K | $257.5K | +71.8% |
| 3 Bedrooms | $307.1K | $268.7K | -12.5% |
| 4 Bedrooms | $412K | $377.3K | -8.4% |
| 5+ Bedrooms | $487.9K | $316.9K | -35.0% |
Summary: Springfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 71.8%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.4%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The Springfield real estate market had 29 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Springfield in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Springfield, LA
How long does it take to sell a home in Springfield, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +1.4% |
Summary: Homes in Springfield had an average of 35 days on market in Nov 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Springfield; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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