Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Springfield Township has remained a Seller's Market.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, OH
How much do homes in Springfield Township, OH cost?
Median Sold Price
$180,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Springfield Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $180,000 in May 2024, up 5.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.2K | $37.5K | -53.3% |
| 2 Bedrooms | $118K | $136K | +15.3% |
| 3 Bedrooms | $170.3K | $187.4K | +10.0% |
| 4 Bedrooms | $245K | $249K | +1.6% |
| 5+ Bedrooms | $213K | $256K | +20.2% |
Summary: Springfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $170K | $180K | +5.9% |
| Amsterdam | $140K | $140K | 0.0% |
| Amsterdam | $145K | $140K | -3.4% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 208 | 252 | +21.2% |
Summary: The Springfield Township real estate market had 252 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 41 | 51 | +24.4% |
| 3 Bedrooms | 105 | 123 | +17.1% |
| 4 Bedrooms | 49 | 61 | +24.5% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Springfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 70 | +18.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in Springfield Township in May 2024, up by 18.6% month-over-month. Of the 70 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 49 Days | -5.3% |
Summary: Homes in Springfield Township had an average of 49 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springfield Township has remained consistent over time.
Summary: During May 2024, 70 homes were sold in Springfield Township; 34% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
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