Gillott Home Team

Springfield, OR

Single-Family Homes

Keller Williams Realty Mid-Willamette



Springfield, OR

Sun Jul 05 2020
This week the median list price for Springfield, OR is $379,981 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 80. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Springfield, OR

Sun Jul 05 2020
This week the median list price for Springfield, OR is $379,981 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 80. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $379,981
Per Square Foot $207
Days on Market 87
Price Decreased 26%
Price Increased 6%
Relisted 3%
Inventory 80
Median Rent $1,295
Most Expensive $1,775,000
Least Expensive $35,000
Market Action 54
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$693,500 3,215 2.5 - 5 acres 4 2 16 1 0 124
$456,500 2,314 0.25 - 0.5 acre 4 2 24 3 3 74
$347,995 1,644 6,500 - 8,000 sqft 3 2 23 6 6 71
$252,450 1,202 6,500 - 8,000 sqft 3 1 46 5 7 75