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
$182,725
$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 $182,725 in March 2024, up 2.7% 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 | $58.7K | -69.4% |
2 Bedrooms | $123K | $138K | +12.2% |
3 Bedrooms | $183.5K | $190K | +3.5% |
4 Bedrooms | $229.9K | $245K | +6.5% |
5+ Bedrooms | $337K | $221.4K | -34.3% |
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 12.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 34.3%.
Median Sold Price Compared To Nearby Cities
New Springfield | $188.5K | $215K | +14.1% |
New Middletown | $213.4K | $230.1K | +7.8% |
North Lima | $225K | $238K | +5.8% |
Springfield Township | $178K | $182.7K | +2.7% |
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 |
---|---|---|
234 | 230 | -1.7% |
Summary: The Springfield Township real estate market had 230 homes for sale in March 2024, a 1.7% 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 | 49 | 43 | -12.2% |
3 Bedrooms | 117 | 118 | +0.9% |
4 Bedrooms | 49 | 52 | +6.1% |
5+ Bedrooms | 18 | 16 | -11.1% |
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 12.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 61 | -12.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Springfield Township in March 2024, down by 12.9% month-over-month. Of the 61 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% 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 |
---|---|---|
68 Days | 51 Days | -25.2% |
Summary: Homes in Springfield Township had an average of 51 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 61 homes were sold in Springfield Township; 26% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.