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
$182,953
$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 $182,953 in May 2024, up 7.6% 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 | $76.2K | -5.0% |
2 Bedrooms | $119.5K | $140K | +17.2% |
3 Bedrooms | $170.5K | $191.5K | +12.3% |
4 Bedrooms | $245K | $249K | +1.6% |
5+ Bedrooms | $200K | $265K | +32.5% |
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 5%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
South Zanesville | $114K | $152.3K | +33.6% |
Wayne Township | $184.9K | $220K | +19.0% |
Falls Township | $225K | $263K | +16.9% |
Zanesville | $165K | $179.1K | +8.5% |
Springfield Township | $170K | $182.9K | +7.6% |
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 |
---|---|---|
232 | 267 | +15.1% |
Summary: The Springfield Township real estate market had 267 homes for sale in May 2024, a 15.1% 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 | 50 | +16.3% |
3 Bedrooms | 124 | 137 | +10.5% |
4 Bedrooms | 52 | 64 | +23.1% |
5+ Bedrooms | 13 | 16 | +23.1% |
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 16.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 78 | +14.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Springfield Township in May 2024, up by 14.7% month-over-month. Of the 78 sold homes, 38% were sold under asking, 19% were sold at asking, and 42% 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 |
---|---|---|
48 Days | 49 Days | +0.8% |
Summary: Homes in Springfield Township had an average of 49 days on market in May 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 78 homes were sold in Springfield Township; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.