The South Springfield housing market is somewhat competitive. The median sale price of a home in South Springfield was $465K last month, down 5.4% since last year. The median sale price per square foot in South Springfield is $348, up 14.1% since last year.
What is the housing market like in South Springfield today?
In April 2024, South Springfield home prices were down 5.4% compared to last year, selling for a median price of $465K. On average, homes in South Springfield sell after 41 days on the market compared to 42 days last year. There were 22 homes sold in April this year, up from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$464,726
-5.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Springfield, OR
$464,726
-5.4%
United States
To compare other locations to the South Springfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
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How hot is the South Springfield housing market?
South Springfield is somewhat competitive. Homes sell in 32 days.
0
100
53
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 32 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Springfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Springfield.
Risk Factor
Flood Factor - Moderate
29% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Springfield has a moderate risk of flooding. 237 properties in South Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents 29% of all properties in South Springfield. Flood risk is increasing faster than the national average.
98% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Springfield has a moderate risk of wildfire. There are 2,987 properties in South Springfield that have some risk of being affected by wildfire over the next 30 years. This represents 98% of all properties in South Springfield.
South Springfield has minimal risk of severe winds over the next 30 years
Wind Factor
South Springfield has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
97% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
South Springfield has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 97% of homes in South Springfield have a Moderate Heat Factor®.
South Springfield is expected to see a 114% increase in the number of days over 91ºF over the next 30 years. South Springfield is expected to experience 7