Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$179,375
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Springfield Township was $179,375 in February 2024, up 8.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.9K | $67.5K | +23.0% |
2 Bedrooms | $111.5K | $126.5K | +13.5% |
3 Bedrooms | $178K | $186.5K | +4.8% |
4 Bedrooms | $246K | $243.5K | -1.0% |
5+ Bedrooms | $268.5K | $207.9K | -22.6% |
Summary: Springfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Cities
Suffield Township | $235K | $265K | +12.8% |
Mogadore | $205K | $225K | +9.8% |
Mogadore | $205K | $224.9K | +9.7% |
Springfield Township | $165K | $179.3K | +8.7% |
Lakemore | $210K | $189.4K | -9.8% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
248 | 258 | +4.0% |
Summary: The Springfield Township real estate market had 258 homes for sale in February 2024, a 4.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 50 | 49 | -2.0% |
3 Bedrooms | 118 | 131 | +11.0% |
4 Bedrooms | 61 | 57 | -6.6% |
5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Springfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 74 | +27.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Springfield Township in February 2024, up by 27.6% month-over-month. Of the 74 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 53 Days | -10.2% |
Summary: Homes in Springfield Township had an average of 53 days on market in Feb 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 74 homes were sold in Springfield Township; 24% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.