Gillott Home Team

Springfield, OR

Single-Family Homes

Keller Williams Realty Mid-Willamette



Springfield, OR

Wed Dec 11 2019
This week the median list price for Springfield, OR is $369,900 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 83. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Springfield, OR

Wed Dec 11 2019
This week the median list price for Springfield, OR is $369,900 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 83. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $369,900
Per Square Foot $194
Days on Market 92
Price Decreased 36%
Price Increased 4%
Relisted 1%
Inventory 83
Median Rent $1,295
Most Expensive $2,800,000
Least Expensive $12,000
Market Action 49
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
$734,800 3,099 5 - 10 acres 3 2 17 0 4 194
$449,000 2,377 0.5 - 1 acre 3 2 26 1 1 83
$309,900 1,612 8,000 - 10,000 sqft 3 2 36 3 4 44
$210,000 1,008 6,500 - 8,000 sqft 3 1 47 2 4 50