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
$179,991
$132/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 $179,991 in April 2024, up 8.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.5K | $67.5K | -8.2% |
2 Bedrooms | $107.5K | $133.9K | +24.6% |
3 Bedrooms | $180K | $187.9K | +4.4% |
4 Bedrooms | $245K | $239.9K | -2.1% |
5+ Bedrooms | $240K | $220.2K | -8.2% |
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 8.2%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Mogadore | $205.5K | $231.7K | +12.7% |
Mogadore | $205K | $228.2K | +11.3% |
Suffield Township | $235.5K | $259.9K | +10.4% |
Springfield Township | $165.8K | $179.9K | +8.5% |
Lakemore | $196.7K | $189.4K | -3.7% |
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 |
---|---|---|
258 | 256 | -0.8% |
Summary: The Springfield Township real estate market had 256 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 0 | -100.0% |
2 Bedrooms | 44 | 47 | +6.8% |
3 Bedrooms | 137 | 131 | -4.4% |
4 Bedrooms | 62 | 63 | +1.6% |
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 increased by 6.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 74 | 0.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Springfield Township in April 2024, the same as the previous month. Of the 74 sold homes, 42% were sold under asking, 18% were sold at asking, and 41% 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 |
---|---|---|
52 Days | 47 Days | -11.2% |
Summary: Homes in Springfield Township had an average of 47 days on market in Apr 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Springfield Township; 41% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.