$5,569 Closing Credit*
$469,000
1,465 SqFt
4 Beds
•2 Full Baths
Peter Wilson, Listing Office: Gorilla Realty, LLC
Is West Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Springfield was a Neutral Market.
Key Takeaway
West Springfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Springfield, OR
How much do homes in West Springfield, OR cost?
Median Sold Price
$415,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.4%)
Key Takeaway
Homes in West Springfield have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in West Springfield was $415,000 in October 2024, down 2.4% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $300K | -3.2% |
| 3 Bedrooms | $425K | $412.5K | -2.9% |
| 4 Bedrooms | $443K | $536.7K | +21.2% |
| 5+ Bedrooms | - | $805K | N/A |
Summary: West Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes did not change.
Housing Supply in West Springfield, OR
How many homes are available in West Springfield, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The West Springfield real estate market had 17 homes for sale in October 2024, a 29.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West 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 decreased by 33.3%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Springfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in West Springfield in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Springfield, OR
How long does it take to sell a home in West Springfield, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 9 Days | +100.0% |
Summary: Homes in West Springfield had an average of 9 days on market in Oct 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Springfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in West Springfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.