Is Springboro, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springboro is a seller's market

Buyer's
Market

Difference Since September 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

$385,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+1.3%)

Key Takeaway

Homes in Springboro have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Springboro was $385,000 in September 2024, up 1.3% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $292K$285K
-2.4%
3 $319.5K$302.2K
-5.4%
4 $439.5K$452K
+2.8%
5+ $645K$569K
-11.8%

Summary: Springboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+7.5%
Miami Township
+7.4%
Franklin
+6.5%
Clear Creek Township
+4.1%
Springboro
+1.3%

Housing Supply in Springboro, OH

How many homes are available in Springboro, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8694+9.3%

Summary: The Springboro real estate market had 94 homes for sale in September 2024, a 9.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 812
+50.0%
3 3736
-2.7%
4 3335
+6.1%
5+ 811
+37.5%

Summary: The Springboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2025+25.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springboro, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Springboro in September 2024, up by 25.0% month-over-month. Of the 25 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% were sold over asking.

Days on Market for Springboro, OH

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Springboro, OH

Nearby Markets to Springboro, OH

What housing markets are near Springboro, OH?