Springfield, LA Home Values & Market Trends
Real estate market trends reflect that there have been 92 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $224,832.76. The number of current listings in Springfield is 8, and the percentage of properties for sale in the city is 8.00%. Springfield, LA currently has 7 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 8 properties for sale.
Springfield, LA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 70462 | $ 299,912 $ 179/sqft |
Housing Market Summary for Springfield, LA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $290.8K | $233.1K | -19.82% |
| Median Sold Price | $232.5K | $233.1K | 0.28% |
| Homes For Sale | 8 | 9 | 12.50% |
| Homes Sold | 42 | 34 | -19.05% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Springfield, LA
Browse Homes in Springfield, LA
Springfield home values range from $27,522 to $1,643,952. The median estimated value of a home in Springfield is $224,832.76. The median list price of a home is 299,500, and the total count of properties in the city is 2,522.
- Pre-ForeclosurePre-foreclosure homes account for 0.08% of all residential properties in Springfield, LA with 70462 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Springfield, LA; of that zips, the estimated home value for pre-foreclosure homes ranges from $295,717 in 70462 to the lowest home value of $250,000 in 70462.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Springfield, LA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Springfield, LA. There is 1 zips within Springfield, LA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions70462 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Springfield, LA. Auction homes and other auction properties account for 0.20% of all properties in Springfield, LA. There is 1 zips within Springfield, LA; of that zips, the median estimated home value for homes going to auction ranges from $299,000 in 70462 to the lowest value of $123,345 in 70462.
Compare Nearby Cities
More Real Estate Resources for Springfield, LA
Guide for Springfield, LA
The Baton Rouge real estate market, as of early 2024, displays complex dynamics with a minor decline in average property values but an increase in sale prices, indicating strong demand.
This write-up gives an quick view of the real estate market trends in New Orleans and its surrounding cities.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
The Little Rock real estate market has shown growth in average property values and prices per square foot between April 2023 and March 2024, indicating an investment-friendly environment.