NORTH SPRINGFIELD HOUSING MARKET DATA

There was a decrease in total units sold in June, with 15 sold this month in North Springfield Real Estate versus 17 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 32% versus June 2024.

Versus last year, the total number of homes available this month is higher by 5 units or 31%. The total number of active inventory this June was 21 compared to 16 in June 2024. This month's total of 21 is lower than the previous month's total supply of available inventory of 28, a decrease of 25%.

Last June, the median sale price for North Springfield Homes was $741,446. This June, the median sale price was $735,999, a decrease of 1% or $5,447 compared to last year. The current median sold price is 1% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 1.4 months of supply available in North Springfield, compared to 0.7 in June 2024. That is an increase of 92% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 14 homes newly listed for sale in North Springfield compared to 13 in June 2024, an increase of 8%. There were 16 current contracts pending sale this June, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.

In June, the average sale price in North Springfield was 100.8% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 13. This increase was impacted by the limited number of sales.





FOCUS ON: NORTH SPRINGFIELD HOUSING MARKET			JUNE 2025

Zip Code(s): 22151
Units Sold 15	Active Inventory 21	Median Sale Price $735,999	Days On Market 21

Down -32% Vs. Year Ago	Up 31% Vs. Year Ago	Down -1% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 15 sold this month in North Springfield Real Estate versus 17 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 32% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 31%. The total number of active inventory this June was 21 compared to 16 in June 2024. This month's total of 21 is lower than the previous month's total supply of available inventory of 28, a decrease of 25%.
		Median Sale Price Last June, the median sale price for North Springfield Homes was $741,446. This June, the median sale price was $735,999, a decrease of 1% or $5,447 compared to last year. The current median sold price is 1% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 14	Current Contracts 16	Sold Vs. List Price 100.8%	Months of Supply 1.4

Up 8% Vs. Year Ago	No Change Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 92% Vs. Year Ago


		Months of Supply In June, there was 1.4 months of supply available in North Springfield, compared to 0.7 in June 2024. That is an increase of 92% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 14 homes newly listed for sale in North Springfield compared to 13 in June 2024, an increase of 8%. There were 16 current contracts pending sale this June, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.
		Sale Price to List Price Ratio In June, the average sale price in North Springfield was 100.8% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 13. This increase was impacted by the limited number of sales.


	North Springfield are defined as properties listed in zip code/s 22151.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.