Is Springfield Township, 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, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, OH
How much do homes in Springfield Township, OH cost?
Median Sold Price
$181,592
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springfield Township was $181,592 in May 2024, up 6.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.2K | $37.5K | -53.3% |
2 Bedrooms | $117.5K | $138K | +17.4% |
3 Bedrooms | $178K | $189.9K | +6.7% |
4 Bedrooms | $246K | $249K | +1.2% |
5+ Bedrooms | $213K | $256K | +20.2% |
Summary: Springfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
German Township | $245K | $290K | +18.4% |
Moorefield Township | $215K | $239.4K | +11.4% |
Springfield | $165.9K | $181.4K | +9.4% |
Harmony Township | $275.5K | $298K | +8.2% |
Springfield Township | $170.5K | $181.5K | +6.5% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
205 | 247 | +20.5% |
Summary: The Springfield Township real estate market had 247 homes for sale in May 2024, a 20.5% 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 | 39 | 47 | +20.5% |
3 Bedrooms | 104 | 122 | +17.3% |
4 Bedrooms | 50 | 62 | +24.0% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Springfield Township 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 20.5%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Springfield Township in May 2024, up by 16.9% month-over-month. Of the 69 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Springfield Township, OH
How long does it take to sell a home in Springfield Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 49 Days | -5.5% |
Summary: Homes in Springfield Township had an average of 49 days on market in May 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 69 homes were sold in Springfield Township; 35% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.