$2,434 Closing Credit*
$205,000
1,260 SqFt
3 Beds
•2 Full Baths
Tamara Comer, Listing Office: Coldwell Banker Heritage
Is Springfield Township, 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 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
$183,550
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,735(+6.8%)
Key Takeaway
Homes in Springfield Township have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $183,550 in November 2024, up 6.8% 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 | $125K | $140K | +12.0% |
| 3 Bedrooms | $178.1K | $191.7K | +7.6% |
| 4 Bedrooms | $219.9K | $251.2K | +14.2% |
| 5+ Bedrooms | $250K | $214.4K | -14.2% |
Summary: Springfield Township 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%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $171.8K | $183.5K | +6.8% |
| Union Township | $249.2K | $265K | +6.3% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 295 | 272 | -7.8% |
Summary: The Springfield Township 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 Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Springfield Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 181 Days | +692.3% |
Summary: Homes in Springfield Township 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 Township 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 Township; 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.