Is Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Springfield has remained a Seller's Market.
Housing Prices in Springfield, OR
How much do homes in Springfield, OR cost?
Median Sold Price
$420,252
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield was $420,252 in April 2024, up 5.1% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $251.8K | +7.2% |
2 Bedrooms | $312.5K | $320K | +2.4% |
3 Bedrooms | $403.3K | $410.3K | +1.7% |
4 Bedrooms | $503.5K | $489.4K | -2.8% |
5+ Bedrooms | $547.5K | $517.9K | -5.4% |
Summary: Springfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
Pleasant Hill | $607.5K | $745K | +22.6% |
Springfield | $400K | $420.2K | +5.1% |
Eugene | $475.2K | $484.4K | +1.9% |
Eugene-Springfield | $451K | $451.6K | 0.1% |
Housing Supply in Springfield, OR
How many homes are available in Springfield, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
186 | 201 | +8.1% |
Summary: The Springfield real estate market had 201 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 107 | 130 | +21.5% |
4 Bedrooms | 47 | 36 | -23.4% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 35 | -35.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Springfield in April 2024, down by 35.2% month-over-month. Of the 35 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Springfield, OR
How long does it take to sell a home in Springfield, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 18 Days | -43.9% |
Summary: Homes in Springfield had an average of 18 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Springfield; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.