Is Springfield, OH 45503 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Springfield is a seller’s market. With about 2.7 months of supply and 21% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score56/ 100

More competitive than 58% of U.S. ZIP codes, and #298 of 489 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.7Under 4 months = seller’s market
Sold above original list21%Share of sales, last 3 months
Median sale-to-list98.5%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$154▲ +2.5% vs. last year

The Springfield housing market right now

In the three months ending August 31, 2026, 21% of homes in Springfield, OH 45503 sold above their list price, the typical home went under contract in 25 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 117 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold faster (30 days then) and the median sale price fell 2% to $199,913. Overall, Springfield is less competitive than a year ago, which gives buyers more room.

Within Clark County, homes here sell faster than in 64% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, Springfield ranks #298 of 489 OH ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at Donnelsville 45319 (0% sold over asking) or Springfield 45502 (14% sold over asking), while North Hampton 45349 (100% sold over asking) and Medway 45341 (40% sold over asking) are even more competitive.

Nearby markets

Catawba 43010 — /sq ftDonnelsville 45319 $164 /sq ftEnon 45323Seller’s market $168 /sq ftMedway 45341Seller’s market $159 /sq ft Browse all markets →

Where Springfield is

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Questions about Springfield real estate

Is Springfield a buyer’s or seller’s market?

A seller’s market: there were 2.7 months of supply in Springfield, OH 45503 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Springfield?

The typical home went under contract in 25 days in the latest three months.

Do homes in Springfield sell over asking?

21% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.

What are property taxes in Springfield?

About 1.19% of a home’s value a year in Clark County, or roughly $4,760 on a $400,000 home.

What is the median home price in Springfield?

The median sale price was $199,913 in the three months ending August 31, 2026, about $154 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology