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Featured local agent — Springfield, OH
Sarah Mitchell
Compass Real Estate · Springfield, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$169,950median sale price
How is the Springfield, OH housing market right now?
The median home sale price in Springfield, OH is $169,950, up 7.3% year-over-year. Homes sell in an average of 36 days with 146 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Springfield a buyer's or seller's market?
Springfield, OH is currently a seller's market, based on 2.4 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
62
Last 12 weeks
Days on market
36
Average pace
Active listings
146
2.4 months supply
Sale-to-list
96.7%
Below asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $169,950 |
| Median list price | $164,900 |
| Year-over-year price change | +7.3% |
| Average days on market | 36 days |
| Active inventory | 146 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $126/sq ft |
| Homes sold (latest month) | 62 |
| New listings (latest month) | 81 |
| Listings with a price cut | 33.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $169,950 | $130/sq ft | 52 | 33 days |
| Condo / Co-op | $190,000 | $116/sq ft | 7 | 44 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a seller's market with a median sale price of $169,950. Prices have risen 7.3% compared to last year, with homes spending an average of 36 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Springfield
There are currently 146 homes listed for sale in Springfield, Ohio. The median listing price is $165K.
Active listings
146
Homes on market
Median list price
$165K
Avg. days on market
36
Days until sale
New this week
81
Newly listed
Who lives in Springfield?
Population
58,410
Median income
$45,883/yr
Median age
37.8 years
Owner-occupied
52.5%
College grads
14.5%
Avg commute
20.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$194,244
Zillow rent index
$1,294/mo
Price-to-rent ratio
12.5x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 58K residents with a median age of 37.8 years.The median household income is $45,883, which represents a working-class community with solid middle-income opportunities. 14.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.5%, showing a blend of owner and renter-occupied properties. The average commute time is 20.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Springfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Springfield?
27 schools tracked · 14,450 students
The largest public schools serving Springfield, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Springfield High School
Grades 9-12 · 1,602 students
Kenton Ridge Elementary
Grades PK-6 · 1,129 students
Shawnee Elementary School
Grades PK-6 · 1,019 students
Northwestern Elementary School
Grades PK-7 · 945 students
Kenton Ridge Middle/High School
Grades 7-12 · 844 students
Northwestern Junior/Senior High School
Grades 7-12 · 708 students
Springfield-Clark County
Grades 7-12 · 704 students
Global Impact STEM Academy
Grades 7-12 · 687 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Springfield, OH?
Want a head-to-head view? Compare Springfield side-by-side with any other U.S. city using our market-comparison tool.
Is Springfield a good real estate investment market?
For investors evaluating Springfield, the price-to-rent ratio of 12.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 7.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Springfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Springfield's median home price.
Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $169,950, up 7.3% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 36 days on market before going under contract.
What is the median income in Springfield?
The median household income is $45,883 per year.
Is Springfield a buyer's or seller's market?
With 2.4 months of supply, Springfield is currently a seller's market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $194,244, representing the typical home value in the area.
What is the median condo price in Springfield?
The median condo/co-op sale price in Springfield, OH is $190,000, compared to $169,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Springfield?
The median single-family home price in Springfield, OH is $169,950 (about $130 per square foot).
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