Is New Springfield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Springfield is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, New Springfield was a Neutral Market.

Key Takeaway

New Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Springfield, OH cost?

Median Sold Price

$300,000

$161/sqft

Based on all homes sold in May 2023.

Difference Since Last Month

+$145,000(+93.5%)

Key Takeaway

Homes in New Springfield have sold for 93.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023May 2023%
1 --
N/A
2 --
N/A
3 $155K$273K
+76.1%
4 -$300K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Petersburg
+372.4%
New Springfield
+93.5%

How many homes are available in New Springfield, OH?

Number of Homes For Sale

Apr 2023May 2023%
770.0%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Apr 2023May 2023%
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Springfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

How long does it take to sell a home in New Springfield, OH?

How long does it take to sell a home in New Springfield, OH?

Average Sale Time

Apr 2023May 2023%
50 Days212 Days+324.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Springfield are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near New Springfield, OH?

About New Springfield, OH

There are 7 homes are for sale in New Springfield, OH real estate market. While the average time on the market in May 2023 was 212 days, the median list price was $300,000. Between May 2022 and May 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 76.1%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 33.3% less available, number of 4 bedrooms homes increased by 33.3%, number of 5 bedrooms homes remained the same. While more than 0 listings in New Springfield, OH in May 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.