$2,310 Closing Credit*
$194,500
1,362 SqFt
3 Beds
•1 Full Bath
Heather Bacon, Listing Office: Gallery Homes Real Estate, LLC
Is Springfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Springfield has remained a Seller's Market.
Key Takeaway
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield, OH
How much do homes in Springfield, OH cost?
Median Sold Price
$179,592
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,412(+8.7%)
Key Takeaway
Homes in Springfield have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Springfield was $179,592 in September 2024, up 8.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $70.7K | +1.1% |
| 2 Bedrooms | $123K | $140K | +13.8% |
| 3 Bedrooms | $169.9K | $190K | +11.8% |
| 4 Bedrooms | $240.2K | $234K | -2.6% |
| 5+ Bedrooms | $216K | $219K | +1.4% |
Summary: Springfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| German Township | $246K | $277K | +12.6% |
| Springfield | $165.1K | $179.5K | +8.7% |
| Springfield Township | $168.3K | $179.6K | +6.7% |
| Moorefield Township | $219.9K | $234K | +6.4% |
Housing Supply in Springfield, OH
How many homes are available in Springfield, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 257 | 246 | -4.3% |
Summary: The Springfield real estate market had 246 homes for sale in September 2024, a 4.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 52 | 42 | -19.2% |
| 3 Bedrooms | 130 | 133 | +2.3% |
| 4 Bedrooms | 54 | 53 | -1.9% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Springfield 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 decreased by 19.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 71 | 55 | -22.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Springfield in September 2024, down by 22.5% month-over-month. Of the 55 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Springfield, OH
We’re sorry, we don't have information for this market at the moment
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
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.