$5,926 Closing Credit*
$499,000
1,741 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cody A. Mahoney, Listing Office: Better Homes and Gardens R.E.
Is Springfield, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Springfield has remained a Seller's Market.
Key Takeaway
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield, NE
How much do homes in Springfield, NE cost?
Median Sold Price
$529,950
$179/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$244,950(+85.9%)
Key Takeaway
Homes in Springfield have sold for 85.9% more than they did a month ago.
Summary: The median home sold price in Springfield was $529,950 in August 2024, up 85.9% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152K | - | N/A |
| 3 Bedrooms | $347.5K | $423.4K | +21.9% |
| 4 Bedrooms | $285K | $510K | +78.9% |
| 5+ Bedrooms | $1.3M | $575K | -56.4% |
Summary: Springfield housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 78.9%, and 5+ bedroom homes decreased by 56.4%.
Median Sold Price Compared To Nearby Cities
| Springfield | $285K | $529.9K | +85.9% |
| Platford-Springfield I | $445K | $549.9K | +23.6% |
Housing Supply in Springfield, NE
How many homes are available in Springfield, NE?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Springfield real estate market had 15 homes for sale in August 2024, a 6.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Springfield housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Springfield in August 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield, NE
How long does it take to sell a home in Springfield, NE?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -1.4% |
Summary: Homes in Springfield had an average of 36 days on market in Aug 2024, down by 1.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 4 homes were sold in Springfield; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.