$2,672 Closing Credit*
$225,000
2,398 SqFt
5 Beds
•2 Full Baths
Sunil Dhingra, Listing Office: Always Sunny Realty LLC
Is Springfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$180,660
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,160(+6.0%)
Key Takeaway
Homes in Springfield have sold for 6% more than they did a year ago.
Summary: The median home sold price in Springfield was $180,660 in November 2024, up 6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.7K | $115K | +114.0% |
| 2 Bedrooms | $124.5K | $140K | +12.4% |
| 3 Bedrooms | $178.2K | $190.6K | +7.0% |
| 4 Bedrooms | $220K | $250K | +13.6% |
| 5+ Bedrooms | $250K | $214.4K | -14.2% |
Summary: Springfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Springfield | $170.5K | $180.6K | +6.0% |
| Springfield Township | $171.4K | $180.7K | +5.4% |
| German Township | $280K | $288.5K | +3.0% |
| Moorefield Township | $229.9K | $230K | 0.0% |
Housing Supply in Springfield, OH
How many homes are available in Springfield, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 295 | 272 | -7.8% |
Summary: The Springfield real estate market had 272 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 58 | 52 | -10.3% |
| 3 Bedrooms | 160 | 155 | -3.1% |
| 4 Bedrooms | 57 | 48 | -15.8% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Springfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 70 | -1.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
16 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. 52.9% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Springfield in November 2024, down by 1.4% month-over-month. Of the 70 sold homes, 53% were sold under asking, 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 181 Days | +692.3% |
Summary: Homes in Springfield had an average of 181 days on market in Nov 2024, up by 692.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Springfield are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 70 homes were sold in Springfield; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% 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.