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Featured local agent — Springfield Township, OH
Sarah Mitchell
Compass Real Estate · Springfield Township, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield Township, OH Housing Market
The last median sale price Redfin published was $247,500, +10.0% year over year (through May 2026). With 3.0 months of supply and homes going under contract in about 43 days, Springfield Township is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $247,500 home is about $1,321/mo in principal and interest.
Key numbers for Springfield Township, OH
Median sale price
$247,500
+10.0% year over year
Redfin, through May 2026
Days on market
43
Average pace
Redfin, through May 2026
Active listings
172
3.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.6%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Springfield Township a buyer's or seller's market?
Springfield Township, OH is a seller's market, based on 3.0 months of supply and homes selling in about 43 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Springfield Township housing market data show?
Every row below is Redfin's final published month for Springfield Township, OH. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $247,500 |
| Median list price | $258,500 |
| Year-over-year price change | +10.0% |
| Median price per sq ft | $171/sq ft |
| Median days on market | 43 days |
| Active inventory | 172 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.6% |
| Homes sold (that month) | 57 |
| New listings (that month) | 89 |
| Listings with a price cut | 14.5% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Springfield Township is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Springfield Township is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Springfield Township home prices moved?
Over the last three years the median sale price in Springfield Township, OH rose 12.5%, from $220,000 to $247,500. 14.5% of Springfield Township listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 100.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Springfield Township?
Priced off the median sale price of $247,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $49,500 | $198,000 | $1,321/mo |
| 5% | $12,375 | $235,125 | $1,569/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,321, that implies roughly $56,627 a year before you add taxes and insurance. We do not hold a Census income figure for Springfield Township, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Springfield Township in the next 12 months?
Tell us your timeline. We send the Springfield Township market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Springfield Township?
Zillow does not publish a rent index (ZORI) for Springfield Township, OH, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Springfield Township?
Active listings in Springfield Township, OH went from 105 in May 2025 to 172 in May 2026, a +63.8% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 125 | 73 |
| July 2025 | 129 | 64 |
| August 2025 | 133 | 59 |
| September 2025 | 119 | 45 |
| October 2025 | 118 | 55 |
| November 2025 | 132 | 52 |
| December 2025 | 116 | 31 |
| January 2026 | 110 | 38 |
| February 2026 | 122 | 57 |
| March 2026 | 141 | 67 |
| April 2026 | 147 | 70 |
| May 2026 | 172 | 89 |
Redfin, through May 2026
How does Springfield Township compare to Ohio and the U.S.?
Springfield Township homes sell for $247,500 — 12% below the Ohio median of $282,600. Against the national median of $410,700, Springfield Township runs 40% lower. Year-over-year, Springfield Township moved +10.0% against Ohio's +5.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Springfield Township, OH | $247,500 | +10.0% | 43 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Springfield Township
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.5%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $248 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $247,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Springfield Township listing goes under contract in 43 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Springfield Township added 89 new listings against 57 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Springfield Township varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Springfield Township
There are currently 172 homes listed for sale in Springfield Township, Ohio. The median listing price is $259K.
Active listings
172
Homes on market
Median list price
$259K
Avg. days on market
43
Days until sale
New this week
89
Newly listed
How much do homes cost in Springfield Township by property type?
How the Springfield Township, OH market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $258,000 | $174/sq ft | 48 | 43 days |
| Condo / co-op | $162,500 | $135/sq ft | 6 | 42 days |
| Townhouse | $177,000 | $113/sq ft | 2 | 143 days |
Which cities are near Springfield Township, OH?
Ordered by distance from Springfield Township, not by size. Compare Springfield Township side by side with any of them.
Springfield Township housing market FAQ
Is Springfield Township a buyer's or seller's market?
Springfield Township, OH is currently a seller's market. That read comes from 3.0 months of supply, homes going under contract in about 43 days, and sellers getting 100.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Springfield Township?
The median sale price in the last month Redfin published was $247,500, about $171 per square foot.
Is Springfield Township cheaper than the rest of Ohio?
Springfield Township's median sale price of $247,500 is 12% lower than the Ohio statewide median of $282,600, and 40% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Springfield Township?
Homes in Springfield Township, OH spent a median of 43 days on market before going under contract, versus 36 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Springfield Township?
At the current 30-year fixed rate of 7.03%, 20% down on a $247,500 home is about $1,321 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $56,627 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Springfield Township?
Redfin's last published year-over-year change for Springfield Township, OH was +10.0%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Springfield Township?
Springfield Township ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Springfield Township?
That depends on your timeline, not on a headline. What the data says today: Springfield Township, OH is a seller's market with 3.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $247,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.