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
$184,380
$134/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 $184,380 in May 2024, up 8.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | $67.5K | -12.3% |
2 Bedrooms | $114K | $137.7K | +20.8% |
3 Bedrooms | $178K | $190K | +6.7% |
4 Bedrooms | $246K | $245K | -0.4% |
5+ Bedrooms | $214K | $240K | +12.1% |
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 12.3%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Mogadore | $205K | $241K | +17.6% |
Mogadore | $205K | $236K | +15.1% |
Suffield Township | $236K | $259.9K | +10.1% |
Springfield Township | $170.1K | $184.3K | +8.3% |
Lakemore | $192.5K | $189.9K | -1.4% |
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 |
---|---|---|
255 | 283 | +11.0% |
Summary: The Springfield Township real estate market had 283 homes for sale in May 2024, a 11.0% 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 | 48 | 58 | +20.8% |
3 Bedrooms | 134 | 137 | +2.2% |
4 Bedrooms | 61 | 71 | +16.4% |
5+ Bedrooms | 12 | 17 | +41.7% |
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 20.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 83 | +1.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Springfield Township in May 2024, up by 1.2% month-over-month. Of the 81 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% 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 |
---|---|---|
50 Days | 44 Days | -12.9% |
Summary: Homes in Springfield Township had an average of 44 days on market in May 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in Springfield Township; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.