Is New Springfield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Springfield is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, New Springfield has remained a Seller's Market.

Key Takeaway

New Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Springfield, OH

How much do homes in New Springfield, OH cost?

Median Sold Price

$171,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$111,000(+185.0%)

Key Takeaway

Homes in New Springfield have sold for 185% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $60K-
N/A
3 --
N/A
4 --
N/A
5+ -$171K
N/A

Summary: New Springfield housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in New Springfield, OH

How many homes are available in New Springfield, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The New Springfield real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 12
+100.0%
4 11
0.0%
5+ 11
0.0%

Summary: The New Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Springfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in New Springfield in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for New Springfield, OH

How long does it take to sell a home in New Springfield, OH?

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days42 Days+250.0%

Summary: Homes in New Springfield had an average of 42 days on market in Oct 2024, up by 250% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Springfield has remained consistent over time.

Summary: During October 2024, 1 homes were sold in New Springfield; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in New Springfield, OH

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What housing markets are near New Springfield, OH?