Home Prices in Springfield MO for December 2013
Real estate market data for Springfield, MO provided by Betty Knowles of Coldwell Banker Vanguard.
Springfield Home Prices
We have seen several months of listing price increases on home prices in Springfield and expect moderate increases in 2014. If you are considering buying a home you can still find deals on a house in Springfield but having a good real estate agent who understands the market is important. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the home on which you are making an offer.
If you are interested in how much current inventory is on the market in Springfield you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Springfield, homes have a average time of 101 days on the market before they sell. This would suggest that buyers are in a great position to make an offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Interest rates have risen steadily over the past few months which makes also makes homes less affordable.
Springfield MO Real Estate Report Summary
The median list price sold in November for single family homes in Springfield is $118,000.
The average price per square foot for listings in this area is $83.69
Find Homes for Sale in Springfield MO
Visit my website to search for homes in Springfield or to be notified when Springfield homes come on the market.
To find out what you home is worth in the current market email me or call 417-631-7234.