Springfield’s real estate landscape in 2025 is marked by impressive price gains, yet with a more balanced pace than the rapid surge of early pandemic years. In May, the median home sale price reached $157,000, up 20.9% year-over-year, while the median days on market grew from 22 to 32 days, reflecting a slight slowdown from peak urgency but sustained interest.
Source: https://www.movoto.com/springfield-oh/market-trends/
Despite the slight increase in time on market, Springfield remains competitive—the Redfin Compete Score notes that many listings attract multiple offers. Homes in desirable condition often sell at or near asking price. Buyers are taking a bit more time to schedule inspections and review terms, which signals a healthier, more considered market dynamic.
Neighborhoods like Warder Park stand out for their swift turnover; homes there tend to sell in 28–34 days, often above list price due to high interest in updated ranches and bungalows. In contrast, larger or more vintage homes with deferred maintenance can take significantly longer—sometimes 45 to 60 days—especially if priced above market comparables.
Springfield continues to draw a mix of local buyers and new arrivals. Approximately 60–70% of buyers are local, while the rest relocate from larger metros such as Cincinnati or Columbus, seeking affordability and community. There’s a growing trend of remote workers moving in, attracted by the city’s lower cost of living and access to broadband. The influx of both young families and retirees is gradually reshaping the local market profile.
As in most Ohio markets, late spring to early summer (April through June) remains prime time. Homes listed during this window benefit from better curb appeal, buyers preparing for summer moves, and higher tour volumes. Listings often go under contract in four to six weeks. A secondary opportunity often emerges in early September, before autumn's slowdown sets in.
Springfield offers affordable options at various tiers:
Entry-level homes (smaller ranches and bungalows): $120K–$160K
Mid-range family homes (3 bedrooms with recent updates): $160K–$230K
Upscale or renovated homes (larger lots or new interior): $230K–$300K+, depending on condition and neighborhood
This price spread caters to first-time buyers, growing families, and those seeking value in a mature market.
Springfield's charm lies in its combination of historic character, affordability, and revitalization efforts. The city features well-built early-20th-century homes, mature trees, and tight-knit neighborhoods. Investments in downtown and community amenities have enhanced livability, while housing prices remain among the most affordable in the Midwest, offering opportunities for both buyers and investors.
Repair and renovation costs in Springfield align with regional norms:
Basic handyman tasks (painting, patching): $300–$800
Roof replacements (1,400–1,800 sq ft): $6,000–$10,000
HVAC systems: $5,000–$8,000
Kitchen remodels: $10,000–$30,000, depending on scope and finishes
Bathroom upgrades: $6,000–$18,000
Many homes in Springfield are older, so buyers should account for potential updates—yet costs remain manageable compared to many urban centers.
Springfield, Ohio, is a vibrant city located in Clark County, nestled between Dayton and Columbus. As of 2019, the Springfield Metropolitan Area was home to a population of over 60,000 residents, with a growing and diverse community. The city is known for its rich history and unique architecture, with numerous historic buildings, parks, and attractions, including the Heritage Center of Clark County and the Westcott House. Springfield's economy is supported by a range of industries, including manufacturing, healthcare, and education, with local institutions such as Springfield Regional Medical Center and Wittenberg University playing key roles in the area's workforce development. The city also benefits from its proximity to major highways, offering easy access to larger cities while maintaining a more affordable cost of living.
In addition to its strong economy, Springfield offers a variety of housing options for those looking to settle in the region. The city is recognized for its affordable real estate, with many homes available at a lower cost than those in larger metropolitan areas, making it a desirable location for first-time homeowners and families. Springfield has also seen efforts to revitalize its downtown area, with new businesses, restaurants, and entertainment venues attracting both residents and visitors alike. The city’s emphasis on community, education, and economic development has made it an appealing choice for those seeking a balanced lifestyle. As Springfield continues to grow and develop, the demand for housing and investment in infrastructure is expected to rise, reflecting the city's ongoing revitalization efforts.
No, we don't require an official home inspection to make an offer. We buy homes "as-is," so no repairs or improvements are needed.
No, you don't need to make any repairs. We buy houses in any condition – whether it's perfect or needs some extra work.
Over the past decade, Springfield has seen fluctuations in foreclosure rates. Following the 2008 housing crisis, rates peaked but have since declined due to a stronger economy and more cautious lending practices. However, isolated economic challenges have caused occasional spikes.
