What is the housing market like in Lake Springfield today?
In March 2024, Lake Springfield home prices were down 12.3% compared to last year, selling for a median price of $385K. On average, homes in Lake Springfield sell after 14 days on the market compared to 66 days last year. There were 9 homes sold in March this year, down from 15 last year.
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Sale Price
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Sale $/Sq. Ft.
Over List Price
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Days on Market
16
Down Payment
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Total Homes Sold
5
To compare other locations to the Lake 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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Home offer insights for Lake Springfield
Explore recent offers and recently sold homes in Lake Springfield
Recent offers
View houses in Lake Springfield that sold recently
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Climate's impact on Lake Springfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Springfield.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Springfield has a moderate risk of flooding. 117 properties in Lake Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Lake Springfield. Flood risk is increasing slower than the national average.
47% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Springfield has a moderate risk of wildfire. There are 756 properties in Lake Springfield that have some risk of being affected by wildfire over the next 30 years. This represents 47% of all properties in Lake Springfield.
Lake Springfield has minimal risk of severe winds over the next 30 years
Wind Factor
Lake 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 major
risk of heat over the next 30 years
Heat Factor
Lake Springfield has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 97% of homes in Lake Springfield have a Major Heat Factor®.
Lake Springfield is expected to see a 185% increase in the number of days over 104ºF over the next 30 years. Lake Springfield is expected to experience 8