Is Springboro, 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, Springboro has remained a Seller's Market.
Housing Prices in Springboro, OH
How much do homes in Springboro, OH cost?
Median Sold Price
$379,600
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springboro was $379,600 in April 2024, up 5.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $280K | -3.4% |
3 Bedrooms | $295K | $300K | +1.7% |
4 Bedrooms | $400K | $443K | +10.8% |
5+ Bedrooms | $577K | $553.5K | -4.1% |
Summary: Springboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Franklin | $190K | $265K | +39.5% |
Franklin Township | $220K | $267K | +21.4% |
Springboro | $360K | $379.6K | +5.4% |
Clear Creek Township | $400K | $414.5K | +3.6% |
Miami Township | $218.7K | $225.5K | +3.1% |
Housing Supply in Springboro, OH
How many homes are available in Springboro, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 77 | +18.5% |
Summary: The Springboro real estate market had 77 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 32 | 43 | +34.4% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Springboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Springboro in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Springboro, OH
How long does it take to sell a home in Springboro, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 39 Days | -26.6% |
Summary: Homes in Springboro had an average of 39 days on market in Apr 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Springboro; 32% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.