Is Springboro, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Springboro has remained a Seller's Market.
Key Takeaway
Springboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springboro, OH
How much do homes in Springboro, OH cost?
Median Sold Price
$382,300
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Springboro have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Springboro was $382,300 in May 2024, up 3.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.4K | $282.5K | -1.7% |
| 3 Bedrooms | $311.7K | $300K | -3.8% |
| 4 Bedrooms | $405K | $440K | +8.6% |
| 5+ Bedrooms | $577K | $553.5K | -4.1% |
Summary: Springboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Franklin | $230K | $260K | +13.0% |
| Franklin Township | $240K | $265K | +10.4% |
| Clear Creek Township | $401.5K | $420.6K | +4.8% |
| Springboro | $368.8K | $382.3K | +3.7% |
| Miami Township | $225.4K | $226.2K | 0.4% |
Housing Supply in Springboro, OH
How many homes are available in Springboro, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The Springboro real estate market had 82 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 41 | 39 | -4.9% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Springboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springboro, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Springboro in May 2024, down by 12.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Springboro, OH
How long does it take to sell a home in Springboro, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 41 Days | -10.8% |
Summary: Homes in Springboro had an average of 41 days on market in May 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springboro has remained consistent over time.
Summary: During May 2024, 21 homes were sold in Springboro; 24% of homes were sold within 30 days, 76% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.