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.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, OH
How much do homes in Springfield Township, OH cost?
Median Sold Price
$179,766
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Springfield Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $179,766 in March 2024, up 12.4% 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 | $121K | $135K | +11.6% |
| 3 Bedrooms | $170K | $189.7K | +11.6% |
| 4 Bedrooms | $243.5K | $231.3K | -5.0% |
| 5+ Bedrooms | $337.5K | $216K | -36.0% |
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 11.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $160K | $179.7K | +12.4% |
| Chillicothe | $205K | $215K | +4.9% |
| Union Township | $253.2K | $254.7K | +0.6% |
| Scioto Township | $195K | $194.5K | -0.3% |
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 |
|---|---|---|
| 218 | 214 | -1.8% |
Summary: The Springfield Township real estate market had 214 homes for sale in March 2024, a 1.8% 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 | 43 | 38 | -11.6% |
| 3 Bedrooms | 111 | 111 | 0.0% |
| 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 11.6%, 3 bedroom homes remained the same, 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
Key Takeaway
If you're buying a home in Springfield Township, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.
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 |
|---|---|---|
| 69 Days | 46 Days | -33.2% |
Summary: Homes in Springfield Township had an average of 46 days on market in Mar 2024, down by 33.2% 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
Key Takeaway
Avg time on Rocket Homes in Springfield Township has remained consistent over time.
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.
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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.