MISSED THE GREAT GAME FOR SMALL BUSINESS B-SCHOOL? READ OUR TOP 5 TAKEAWAYS.

Strategy

Springfield’s Housing Market 10 Years After the Market Collapse

We've officially passed the 10-year anniversary of the 2008 national housing collapse, but what does that mean for today’s market in Springfield?

By Jenna DeJong

Jan 2019

Suburban houses with nice green lawns.
Photo courtesy Shutterstock

We have officially passed the 10-year anniversary of the 2008 national housing collapse, but what does that mean for today’s market in 417-land? We turned to the Federal Reserve Economic Data and to Miles Noennig, CEO of the Greater Springfield Board of Realtors, to give us the lowdown on then versus now. The good news? The numbers never lie and this time, they are telling us what we want to hear. 

Median Sales Price of Houses Sold for the United States

Q1

2008: $233,900
2018: $331,800

Q2

2008: $235,300 
2018: $315,600

Q3

2008: $226,500 
2018: $325,200

Q4

2008: $222,500 
2018: not yet available

Median Sales Price of Houses Sold for the Midwest Region


Q1

2008: $219,200 
2018: $291,200

Q2

2008: $198,500  
2018: $277,600

Q3

2008: $184,700 
2018: $292,100

Q4

2008: $202,500 
2018: not yet available 

Median Sales Price of Residential Properties in
Greene/Christian/Webster Counties 


Q1

2008: $121,900
2018: $130,000

Q2

2008: $123,500
2018: $139,900

Q3

2008: $123,000
2018: $137,900

Q4

2008: $117,500
2018: $135,750