North Springfield Real Estate Market Sees Home Sales Decline

In this week's report, the number of homes sold in the North Springfield market slid to eight over the past 30 days. It marked a decrease of 20.0% from last week's report and a fall below the monthly average. In comparison, nearby Alexandria had 168 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $478,800 over the latest reporting period for North Springfield, up from $464,850. There are only two months of inventory available in North Springfield, so it's a definite seller's market, even with the decrease in sales.

If a home with lots of bedrooms is what you want, then be sure to go see these listings in North Springfield:

$675K   $799K   $585K  

Get started right now by checking out North Springfield homes for sale or reviewing North Springfield real estate trends.

Demographic facts for North Springfield:

  • The median house value here is $350,800.
  • The area gets 116 rainy days a year. (U.S. average: 100)
  • The unemployment rate is 4.0%.
  • For every teacher there are 13.2 students in this area. (15.3 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Capital Properties
47 reviews
Weichert, REALTORS
Snapped 3 homes in this area
Snapped 8 homes in this area

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