$8,312 Closing Credit*
$699,990
3 Beds
•3 Full Baths, 1 Partial
Susan Andrews, Listing Office: New Home Star Ohio LLC
Is Springfield Township, 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 Township has remained a Seller's Market.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, OH
How much do homes in Springfield Township, OH cost?
Median Sold Price
$187,075
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,103(+6.9%)
Key Takeaway
Homes in Springfield Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $187,075 in October 2024, up 6.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.7K | $115K | +114.0% |
| 2 Bedrooms | $129K | $140K | +8.5% |
| 3 Bedrooms | $178.5K | $198K | +10.9% |
| 4 Bedrooms | $230K | $252.5K | +9.8% |
| 5+ Bedrooms | $332.5K | $204.9K | -38.4% |
Summary: Springfield Township 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 8.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 38.4%.
Median Sold Price Compared To Nearby Cities
| New Middletown | $220K | $274K | +24.5% |
| Springfield Township | $174.9K | $187K | +6.9% |
| North Lima | $317.5K | $241.5K | -23.9% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 292 | 332 | +13.7% |
Summary: The Springfield Township real estate market had 332 homes for sale in October 2024, a 13.7% 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 | 54 | 70 | +29.6% |
| 3 Bedrooms | 159 | 179 | +12.6% |
| 4 Bedrooms | 59 | 62 | +5.1% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Springfield Township 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 29.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 77 | +14.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Township, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Springfield Township in October 2024, up by 14.9% month-over-month. Of the 77 sold homes, 49% were sold under asking, 27% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 69 Days | +94.8% |
Summary: Homes in Springfield Township had an average of 69 days on market in Oct 2024, up by 94.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springfield Township has remained consistent over time.
Summary: During October 2024, 77 homes were sold in Springfield Township; 1% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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