$8,894 Closing Credit*
$749,000
3,000 SqFt
2 Beds
•2 Full Baths
Louise Gaylord McDonald
Is Springfield, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Springfield was a Seller's Market.
Key Takeaway
Springfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Springfield, WV
How much do homes in Springfield, WV cost?
Median Sold Price
$159,000
$161/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$46,000(-22.4%)
Key Takeaway
Homes in Springfield have sold for 22.4% less than they did a month ago.
Summary: The median home sold price in Springfield was $159,000 in November 2024, down 22.4% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $140K | -31.7% |
| 2 Bedrooms | $71K | $178K | +150.7% |
| 3 Bedrooms | $320K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Springfield housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 150.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Springfield, WV
How many homes are available in Springfield, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Springfield real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Springfield in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield, WV
How long does it take to sell a home in Springfield, WV?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +12.1% |
Summary: Homes in Springfield had an average of 37 days on market in Nov 2024, up by 12.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was 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, 2 homes were sold in Springfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
