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
$179,666
$134/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 $179,666 in April 2024, up 5.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $58.7K | -69.4% |
2 Bedrooms | $122.5K | $135K | +10.2% |
3 Bedrooms | $178K | $187.9K | +5.6% |
4 Bedrooms | $245K | $240K | -2.0% |
5+ Bedrooms | $325K | $230K | -29.2% |
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 10.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
Union Township | $242.9K | $259K | +6.6% |
Springfield Township | $169.9K | $179.6K | +5.7% |
Chillicothe | $205K | $210K | +2.4% |
Scioto Township | $196.5K | $190K | -3.3% |
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 |
---|---|---|
210 | 210 | 0.0% |
Summary: The Springfield Township real estate market had 210 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 39 | 38 | -2.6% |
3 Bedrooms | 108 | 105 | -2.8% |
4 Bedrooms | 50 | 52 | +4.0% |
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 2.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 54 | -11.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Springfield Township in April 2024, down by 11.5% month-over-month. Of the 54 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% 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 |
---|---|---|
58 Days | 56 Days | -3.5% |
Summary: Homes in Springfield Township had an average of 56 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Springfield Township; 28% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.