Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$181,557
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Springfield Township was $181,557 in June 2024, up 6.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.5K | $65K | -17.2% |
2 Bedrooms | $115K | $137.7K | +19.8% |
3 Bedrooms | $175.1K | $189.9K | +8.5% |
4 Bedrooms | $245K | $250K | +2.0% |
5+ Bedrooms | $240K | $219K | -8.8% |
Summary: Springfield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
Mogadore | $205K | $245K | +19.5% |
Mogadore | $204K | $242K | +18.6% |
Suffield Township | $235K | $259.9K | +10.6% |
Springfield Township | $169.9K | $181.5K | +6.8% |
Lakemore | $189.9K | $199.9K | +5.2% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
288 | 276 | -4.2% |
Summary: The Springfield Township real estate market had 276 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 61 | 60 | -1.6% |
3 Bedrooms | 140 | 134 | -4.3% |
4 Bedrooms | 69 | 64 | -7.2% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Springfield Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
91 | 92 | +1.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Springfield Township in June 2024, up by 1.1% month-over-month. Of the 92 sold homes, 36% were sold under asking, 24% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 42 Days | -0.5% |
Summary: Homes in Springfield Township had an average of 42 days on market in Jun 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 92 homes were sold in Springfield Township; 34% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.