Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$196,033
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $196,033 in April 2024, down 12.8% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.7K | $80K | +8.5% |
2 Bedrooms | $129K | $145K | +12.4% |
3 Bedrooms | $209.9K | $201.6K | -4.0% |
4 Bedrooms | $300K | $300K | 0.0% |
5+ Bedrooms | $306.7K | $230K | -25.0% |
Summary: Springfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
Spencer Township | $235K | $294K | +25.1% |
Holland | $268.5K | $306.5K | +14.2% |
Monclova Township | $386K | $389.9K | +1.0% |
Monclova | $405K | $397.3K | -1.9% |
Springfield Township | $224.8K | $196K | -12.8% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
267 | 279 | +4.5% |
Summary: The Springfield Township real estate market had 279 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 48 | 48 | 0.0% |
3 Bedrooms | 139 | 144 | +3.6% |
4 Bedrooms | 66 | 71 | +7.6% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Springfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 76 | +7.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Springfield Township in April 2024, up by 7.0% month-over-month. Of the 76 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 64 Days | +18.2% |
Summary: Homes in Springfield Township had an average of 64 days on market in Apr 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 76 homes were sold in Springfield Township; 24% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.