Springfield, NY Foreclosures
Current Market Conditions in in Springfield, NY As of February 2026?
Over the past month, the Springfield real estate market has shown signs of accelerated activity. The number of homes sold increased by 15% compared to the previous month, driven by both new buyers and those looking to upgrade. The average selling price has risen by about 3%, indicating a competitive market. More homes are also being listed as homeowners take advantage of favorable market conditions. The local economy remains stable, fostering confidence among potential buyers.
How much do homes sell for in Springfield, NY?
The average home price is currently $454,648.
What’s the average rental cost in Springfield, NY?
The average rental price in Springfield is $1,156.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $2,398,293.
What is currently the cheapest priced home in Springfield, NY?
The cheapest home for sale in Springfield is priced at $68,896.
Living in Springfield, NY
Springfield, NY, is a quaint and active community nestled in upstate New York, perfect for families and nature lovers alike. With its beautiful parks, quality schools, and vibrant local culture, Springfield offers a harmonious blend of tranquility and engagement. Residents can enjoy a variety of outdoor activities and community events year-round, making it a desirable place to live.
Buyer vs Seller Market in Springfield, NY
Springfield's real estate market has been experiencing a stable growth trend over the past few months. The demand for single-family homes has increased due to the area's family-friendly environment, driving prices up moderately. In particular, the market for homes in the $300,000-$500,000 range has seen more buyers entering, as many are looking for larger homes with outdoor space.
As interest rates have slightly lowered recently, potential buyers are seizing the opportunity to invest in Springfield's growing market. This trend indicates that homes are likely to appreciate in value, offering a good investment opportunity for those entering the market. Homes in the area are selling relatively quickly, with many receiving multiple offers.
Home Value Estimator For Springfield, NY
There are currently 62 real estate properties
in Springfield, NY,
with a median automated valuation model (AVM) price
of $280,082.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Springfield, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Springfield, NY,
is $454,648.00, with the most expensive house
in Springfield, NY, topping out
at $2,398,293.00 and the cheapest home
in Springfield, NY,
clocking in at $68,896.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Springfield, NY!
Rent Prices
In Springfield, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Springfield, NY, is on
a rollercoaster ride. The
average rent price in Springfield, NY,
is $1,156.00. Indeed, when looking to rent in
Springfield, NY, you can expect to pay as little
as $740.00 or as much
as $1,960.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Springfield, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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