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
$185,142
$135/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 $185,142 in May 2024, up 6.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.2K | $76.2K | -5.0% |
2 Bedrooms | $117.5K | $140.5K | +19.6% |
3 Bedrooms | $178K | $189.9K | +6.7% |
4 Bedrooms | $251K | $254K | +1.2% |
5+ Bedrooms | $213K | $298K | +39.9% |
Summary: Springfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 39.9%.
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 |
---|---|---|
212 | 270 | +27.4% |
Summary: The Springfield Township real estate market had 270 homes for sale in May 2024, a 27.4% 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 | 40 | 53 | +32.5% |
3 Bedrooms | 107 | 131 | +22.4% |
4 Bedrooms | 53 | 68 | +28.3% |
5+ Bedrooms | 12 | 18 | +50.0% |
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 32.5%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 78 | +32.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Springfield Township in May 2024, up by 32.2% month-over-month. Of the 78 sold homes, 33% were sold under asking, 19% were sold at asking, and 47% 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 |
---|---|---|
51 Days | 50 Days | -1.3% |
Summary: Homes in Springfield Township had an average of 50 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 78 homes were sold in Springfield Township; 35% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.