Is Springfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$183,114
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $183,114 in April 2024, up 2.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.7K | $58.7K | -69.4% |
2 Bedrooms | $129K | $137.5K | +6.6% |
3 Bedrooms | $185K | $190K | +2.7% |
4 Bedrooms | $236K | $245K | +3.8% |
5+ Bedrooms | $325K | $250K | -23.1% |
Summary: Springfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
New Middletown | $219.9K | $232.5K | +5.8% |
Springfield Township | $178K | $183.1K | +2.9% |
Housing Supply in Springfield Township, OH
How many homes are available in Springfield Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
226 | 229 | +1.3% |
Summary: The Springfield Township real estate market had 229 homes for sale in April 2024, a 1.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 44 | 42 | -4.5% |
3 Bedrooms | 115 | 118 | +2.6% |
4 Bedrooms | 53 | 53 | 0.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Springfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 55 | -17.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Springfield Township in April 2024, down by 17.9% month-over-month. Of the 55 sold homes, 47% were sold under asking, 22% were sold at asking, and 31% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 56 Days | -8.1% |
Summary: Homes in Springfield Township had an average of 56 days on market in Apr 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Springfield Township; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.