Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$181,810
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Springfield Township was $181,810 in March 2024, up 6.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $80K | -58.3% |
2 Bedrooms | $120K | $137K | +14.2% |
3 Bedrooms | $170K | $190K | +11.8% |
4 Bedrooms | $276.7K | $235K | -15.1% |
5+ Bedrooms | $325K | $221.4K | -31.9% |
Summary: Springfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.3%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 31.9%.
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 221 | -4.3% |
Summary: The Springfield Township real estate market had 221 homes for sale in March 2024, a 4.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 44 | 38 | -13.6% |
3 Bedrooms | 119 | 113 | -5.0% |
4 Bedrooms | 50 | 54 | +8.0% |
5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Springfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 60 | -16.7% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Springfield Township in March 2024, down by 16.7% month-over-month. Of the 60 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 46 Days | -33.3% |
Summary: Homes in Springfield Township had an average of 46 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Springfield Township; 25% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.