$3,622 Closing Credit*
$305,000
1,809 SqFt
3 Beds
•2 Full Baths
Britney Dodds, Listing Office: Home Experts Realty
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
$186,155
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,997(+9.4%)
Key Takeaway
Homes in Springfield Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $186,155 in October 2024, up 9.4% 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 | $65K | $103.4K | +59.1% |
| 2 Bedrooms | $121.5K | $139.1K | +14.5% |
| 3 Bedrooms | $175.2K | $195K | +11.3% |
| 4 Bedrooms | $232.5K | $250K | +7.5% |
| 5+ Bedrooms | $227.5K | $225.2K | -1.0% |
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 59.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Lakemore | $189.9K | $210K | +10.6% |
| Springfield Township | $170.1K | $186.1K | +9.4% |
| Mogadore | $224.9K | $245K | +8.9% |
| Mogadore | $225K | $245K | +8.9% |
| Suffield Township | $265K | $250K | -5.7% |
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 |
|---|---|---|
| 323 | 359 | +11.1% |
Summary: The Springfield Township real estate market had 359 homes for sale in October 2024, a 11.1% 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 | 58 | 75 | +29.3% |
| 3 Bedrooms | 177 | 191 | +7.9% |
| 4 Bedrooms | 64 | 70 | +9.4% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
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 29.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 85 | +9.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
22 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. 45.9% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Springfield Township in October 2024, up by 9.0% month-over-month. Of the 85 sold homes, 46% were sold under asking, 28% were sold at asking, and 26% 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 |
|---|---|---|
| 26 Days | 46 Days | +76.3% |
Summary: Homes in Springfield Township had an average of 46 days on market in Oct 2024, up by 76.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 85 homes were sold in Springfield Township; 13% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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