$3,205 Closing Credit*
$269,900
1,520 SqFt
3 Beds
•1 Full Bath
#73313334, Jennifer Johnson, Listing Office: NRG Real Estate Services, Inc.
Is East Springfield, MA 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, East Springfield has remained a Seller's Market.
Key Takeaway
East Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Springfield, MA
How much do homes in East Springfield, MA cost?
Median Sold Price
$289,950
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,950(+10.7%)
Key Takeaway
Homes in East Springfield have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in East Springfield was $289,950 in November 2024, up 10.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $135.1K | -18.1% |
| 2 Bedrooms | $238K | $245K | +2.9% |
| 3 Bedrooms | $249K | $282.9K | +13.6% |
| 4 Bedrooms | $279K | $300K | +7.5% |
| 5+ Bedrooms | $347.5K | $370K | +6.5% |
Summary: East Springfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Orchard | $265K | $295K | +11.3% |
| East Springfield | $262K | $289.9K | +10.7% |
| Liberty Heights | $271.2K | $297.8K | +9.8% |
| Bay | $262.5K | $281.5K | +7.2% |
| Pine Point | $260K | $271.3K | +4.4% |
Housing Supply in East Springfield, MA
How many homes are available in East Springfield, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The East Springfield real estate market had 27 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The East 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Springfield, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Springfield in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 38% were sold at asking, and 63% were sold over asking.
Days on Market for East Springfield, MA
How long does it take to sell a home in East Springfield, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 19 Days | -7.1% |
Summary: Homes in East Springfield had an average of 19 days on market in Nov 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
7 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 East Springfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in East Springfield; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
