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.
Housing Prices in Springfield Township, OH
How much do homes in Springfield Township, OH cost?
Median Sold Price
$186,829
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springfield Township was $186,829 in May 2024, up 7.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.2K | $37.5K | -53.3% |
2 Bedrooms | $119.5K | $140.5K | +17.6% |
3 Bedrooms | $179.5K | $191.7K | +6.8% |
4 Bedrooms | $245.5K | $252.5K | +2.9% |
5+ Bedrooms | $215K | $340K | +58.1% |
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 17.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 58.1%.
Median Sold Price Compared To Nearby Cities
New Middletown | $197K | $269K | +36.5% |
Springfield Township | $174K | $186.8K | +7.4% |
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 |
---|---|---|
225 | 268 | +19.1% |
Summary: The Springfield Township real estate market had 268 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 43 | 51 | +18.6% |
3 Bedrooms | 120 | 139 | +15.8% |
4 Bedrooms | 49 | 61 | +24.5% |
5+ Bedrooms | 13 | 17 | +30.8% |
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 18.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 75 | +25.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Springfield Township in May 2024, up by 25.0% month-over-month. Of the 75 sold homes, 39% were sold under asking, 19% 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 | 51 Days | -2.2% |
Summary: Homes in Springfield Township had an average of 51 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 75 homes were sold in Springfield Township; 33% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.