$8,312 Closing Credit*
$699,990
3 Beds
•3 Full Baths, 1 Partial
Susan Andrews, Listing Office: New Home Star Ohio LLC
Is Springfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Springfield has remained a Seller's Market.
Key Takeaway
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield, OH
How much do homes in Springfield, OH cost?
Median Sold Price
$179,942
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,869(+5.8%)
Key Takeaway
Homes in Springfield have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Springfield was $179,942 in October 2024, up 5.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.7K | $115K | +114.0% |
| 2 Bedrooms | $125K | $138K | +10.4% |
| 3 Bedrooms | $174.7K | $191.9K | +9.9% |
| 4 Bedrooms | $235K | $250K | +6.4% |
| 5+ Bedrooms | $277.5K | $209.9K | -24.4% |
Summary: Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Harmony Township | $289K | $359.4K | +24.4% |
| Springfield | $170K | $179.9K | +5.8% |
| Springfield Township | $170.8K | $179.9K | +5.4% |
| Moorefield Township | $225K | $231.5K | +2.9% |
| German Township | $284.7K | $251.2K | -11.8% |
Housing Supply in Springfield, OH
How many homes are available in Springfield, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 267 | 306 | +14.6% |
Summary: The Springfield real estate market had 306 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 46 | 61 | +32.6% |
| 3 Bedrooms | 145 | 165 | +13.8% |
| 4 Bedrooms | 57 | 60 | +5.3% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Springfield in October 2024, up by 9.4% month-over-month. Of the 70 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% were sold over asking.
Days on Market for Springfield, OH
How long does it take to sell a home in Springfield, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 106 Days | +270.9% |
Summary: Homes in Springfield had an average of 106 days on market in Oct 2024, up by 270.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springfield has remained consistent over time.
Summary: During October 2024, 70 homes were sold in Springfield; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.