As spring started, the city's high-end home market bloomed in March to nearly double the count listed in each of the previous two months.
For the monthly editorial series Curb Appeal, Springfield Business Journal compiled a list of 19 single-family homes within city limits that were listed last month with asking prices of $500,000 or more. That's up from 10 homes each in February and January.
Combined, the homeowners are seeking $15.2 million in asking prices, according to the Southern Missouri Regional MLS that aggregates real estate listings.
Three of the homes listed last month were priced above $1 million. The highest-priced residence of the month, at nearly $2 million, is a southeast Springfield property that's heavily wooded, has a private gate and spans 10,550 square feet. The 2991 S. Thornridge Drive home is being marketed by EXP Realty LLC.
In the Greater Springfield Board of Realtors' service area, the average sale price for homes sold in March was $286,192, up 3.4% from the same time last year. The GSBOR's latest report additionally shows 467 units sold in March, down from 573 in the same month of 2022.
Statewide, the average sale price rose to $257,877 in February from $243,948 in the same month of 2022, according to the latest data from the Missouri Realtors association. Real estate agents sold 4,381 residential properties statewide in February, a 14.8% drop.
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