springfield/spall DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 5.6 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
▲ 133% VS 2023
▼ 11% VS 2023
▼ 8% VS 2023
There were 39 detached listings in Springeld/Spall in October, 11% below September and 11% higher than October 2023. October detached home sales increased by 600% month-over-month, to 7, and were 133% above October 2023. The months of inventory for detached in Springeld/Spall, at 5.6, re'ected a balanced market. The detached median price in October was $825,000, a 51% increase from September and 8% below October 2023. The average sold price was $757,357, 39% above last month and down 11% to October 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$757,357 $825,000 5.6 7 39
$846,667 $900,000 11.7 3 35
-11% -8% -52% 133% 11%
$545,000 $545,000 44.0 1 44
39% 51% -87% 600% -11%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 44
60
39
36
34
35
32
31
31
30
28
28
26
25
38
7
7
7
5
4
2
2
1
1
1
6
3
5
18
$928K
$900K
$870K
$833K
$825K
$816K
$735K
$673K
$659K
$545K
$505K
$483K
$389K
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
12
4.0
10
3.0
8
2.8
6
4
2
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
2 8 4.0
1 3 3.0
4 11 2.8
0 4 n/a
0 3 n/a
0 1 n/a
0 4 n/a
0 2 n/a
0 3 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of November 12, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 41 ●
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