Springfield, OH metro area Housing Market
Cool MarketComprehensive housing market data for the Springfield, OH metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$230K
↑ 15.3% YoY
Days on Market
47 days
↓ 2.1% YoY
Active Inventory
250
↓ 13.5% YoY
Homes Sold
96
↑ 3.2% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Springfield, OH metro area Market Summary
The Springfield, OH metro area housing market is cooling down. As of January 2026, the median home sale price is $230K, up 15.3% year-over-year. Homes are spending a median of 47 days on the market, 2.1% shorter than a year ago.
There are 250 homes for sale — 13.5% fewer than last year. With 2.6 months of supply, this is a seller's market. 125 new listings were added during this period, up 8.7% year-over-year.
Homes are selling for 98.6% of their list price on average, suggesting room for negotiation. 24.0% of homes sell above their asking price. 30.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Ohio Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 46% below the national median, which could indicate stronger cash flow potential.
Springfield, OH metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$215K
Price per Sq Ft
$158
Sale-to-List Ratio
98.6%
Months of Supply
2.6
Sold Above List
24.0%
Price Drops
30.4%
New Listings
125
↑ 8.7% YoY
Pending Sales
130
Off Market in 2 Weeks
37.7%
Other Markets in Ohio
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$290K · 59d on market
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$340K · 69d on market
Cleveland, OH metro area
$222K · 45d on market
Dayton, OH metro area
$225K · 46d on market
Toledo, OH metro area
$180K · 59d on market
Akron, OH metro area
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Youngstown, OH metro area
$160K · 59d on market
Canton, OH metro area
$217K · 41d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.