springfield/spall CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 9.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 119% VS 2023
▼ 18% VS 2023
▼ 18% VS 2023
0.0% VS 2023
There were 57 condo listings in Springeld/Spall in October, 4% above September and 119% higher than October 2023. October condo sales decreased by 14% month-over-month, to 6, and were the same in October 2023. The months of inventory for condos in Springeld/Spall, at 9.5, re'ected a buyers' market. The condo median price in October was $456,125, a 7% increase from September and 18% below October 2023. The average sold price was $435,875, 0.6% above last month; the average PSF sale price was $377, down 15% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$377 $435,875 $456,125 9.5 6 57
$422 $533,450 $555,850 4.3 6 26
-11% -18% -18% 119% 0% 119%
$441 $433,414 $425,000 7.9 7 55
-15% 0.6% 7% 21% -14% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
90
57
53
58
58
58
55
55
53
38
43
31
26
29
11
11
8
11
3
3
3
6
6
1
8
7
7
28
$650K
24
$612K
$556K
$540K
$518K
$495K
$487K
$463K
$456K
$430K
$425K
$425K
$393K
Oct-23
Sep-24
Oct-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
9.0
25
4+ bdrms
7.0
20
1
3 bdrms
15
4
10
5
2 bdrms
5
43
0
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 3 21 7.0 3 27 9.0 0 8 n/a 0 1 n/a
<2 bdrms
10
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. 43 ●
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