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
$176,481
$132/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 $176,481 in March 2024, up 20.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $58.7K | -69.4% |
2 Bedrooms | $120K | $134.9K | +12.4% |
3 Bedrooms | $147.9K | $185.7K | +25.6% |
4 Bedrooms | $217.4K | $230.6K | +6.0% |
5+ Bedrooms | $325K | $216K | -33.5% |
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 69.4%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 33.5%.
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 |
---|---|---|
220 | 215 | -2.3% |
Summary: The Springfield Township real estate market had 215 homes for sale in March 2024, a 2.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 44 | 39 | -11.4% |
3 Bedrooms | 111 | 110 | -0.9% |
4 Bedrooms | 46 | 49 | +6.5% |
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 11.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 56 | -16.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Springfield Township in March 2024, down by 16.4% month-over-month. Of the 56 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% 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 |
---|---|---|
73 Days | 46 Days | -36.4% |
Summary: Homes in Springfield Township had an average of 46 days on market in Mar 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in Springfield Township; 27% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.