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
$199,999
$138/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 $199,999 in May 2024, up 2.9% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $81.2K | +1.6% |
2 Bedrooms | $122K | $145K | +18.9% |
3 Bedrooms | $194K | $203.9K | +5.1% |
4 Bedrooms | $275K | $303.8K | +10.5% |
5+ Bedrooms | $215K | $256K | +19.1% |
Summary: Springfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
Holland | $285K | $307K | +7.7% |
Spencer Township | $277K | $289K | +4.3% |
Springfield Township | $194.3K | $199.9K | +2.9% |
Monclova Township | $386.2K | $395K | +2.3% |
Monclova | $399.8K | $395K | -1.2% |
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 |
---|---|---|
275 | 316 | +14.9% |
Summary: The Springfield Township real estate market had 316 homes for sale in May 2024, a 14.9% 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 | 49 | 59 | +20.4% |
3 Bedrooms | 144 | 160 | +11.1% |
4 Bedrooms | 69 | 79 | +14.5% |
5+ Bedrooms | 13 | 18 | +38.5% |
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 20.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 90 | +11.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Springfield Township in May 2024, up by 11.1% month-over-month. Of the 90 sold homes, 34% were sold under asking, 17% were sold at asking, and 49% 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 | 50 Days | +3.2% |
Summary: Homes in Springfield Township had an average of 50 days on market in May 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 90 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 13% of homes were sold over 90 days.