Is Springfield, OH 45506 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 3.4 months of supply and 24% 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.
More competitive than 44% of U.S. ZIP codes, and #385 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
The Springfield housing market right now
In the three months ending August 31, 2026, 24% of homes in Springfield, OH 45506 sold above their list price, the typical home went under contract in 41 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 30 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold more slowly (34 days then) and the median sale price rose 13% to $146,936. Overall, Springfield is about as competitive as it was a year ago.
Within Clark County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Springfield ranks #385 of 489 OH ZIP codes with enough sales (score 44 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.
Run the numbers for 45506
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 →Towns like Springfield nearby
Find towns like Springfield in other states →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 3.4 months of supply in Springfield, OH 45506 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 41 days in the latest three months.
Do homes in Springfield sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 97.0% 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 $146,936 in the three months ending August 31, 2026, about $102 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