Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$178,472
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $178,472 in April 2024, up 11.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $58.7K | -69.4% |
2 Bedrooms | $120K | $135K | +12.5% |
3 Bedrooms | $170K | $185K | +8.8% |
4 Bedrooms | $202.5K | $245K | +21.0% |
5+ Bedrooms | $169.9K | $230K | +35.4% |
Summary: Springfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
Stryker | $133K | $173.1K | +30.2% |
German Township | $172K | $195K | +13.4% |
Springfield Township | $160K | $178.4K | +11.5% |
Tiffin Township | $149.9K | $165K | +10.0% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
214 | 213 | -0.5% |
Summary: The Springfield Township real estate market had 213 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 40 | 38 | -5.0% |
3 Bedrooms | 110 | 107 | -2.7% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Springfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 55 | -11.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Springfield Township in April 2024, down by 11.3% month-over-month. Of the 55 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 57 Days | -0.3% |
Summary: Homes in Springfield Township had an average of 57 days on market in Apr 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Springfield Township; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.