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
$179,992
$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 $179,992 in March 2024, up 9.1% 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 | $73.5K | $67.5K | -8.2% |
2 Bedrooms | $105K | $133K | +26.7% |
3 Bedrooms | $178.5K | $189.7K | +6.3% |
4 Bedrooms | $243.5K | $236.5K | -2.9% |
5+ Bedrooms | $298.5K | $204.9K | -31.4% |
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 8.2%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
Suffield Township | $235K | $265K | +12.8% |
Mogadore | $205.5K | $226.5K | +10.2% |
Mogadore | $205K | $225K | +9.8% |
Springfield Township | $165K | $179.9K | +9.1% |
Lakemore | $200K | $189.9K | -5.1% |
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 |
---|---|---|
253 | 264 | +4.3% |
Summary: The Springfield Township real estate market had 264 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 47 | 44 | -6.4% |
3 Bedrooms | 129 | 139 | +7.8% |
4 Bedrooms | 56 | 62 | +10.7% |
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 6.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 69 | -8.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Springfield Township in March 2024, down by 8.0% month-over-month. Of the 67 sold homes, 57% were sold under asking, 18% 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 |
---|---|---|
66 Days | 43 Days | -34.4% |
Summary: Homes in Springfield Township had an average of 43 days on market in Mar 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Springfield Township; 38% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.