January 2025
Springboro Ohio Real Estate Market Update
Let’s go over the local Springboro, Ohio real estate market for January 2025. There are some interesting things going on so if you are a homeowner here in Springboro you’ll definitely want to check this out.
– Months Supply Of Inventory is Up
– Home Prices Still Strong at 99.1%
– Days on Market ticking upward – Home Values Still Going Up
– Median Sales Price Trending Up
Months Supply Of Inventory
There are some interesting things going on so if you are a homeowner here in Springboro you’ll definitely want to check this out.
Lets kick things off with the months supply of inventory, currently at 1.74 What does that mean? Well, if no new homes were listed, it would take just under two months to sell all the homes currently available. That’s an increase of over 4% from December, which has been the slow but steady trend over the last several months.
List to Sold Price Percentage
Now onto the list to sold price percentage. Homes are selling at 99.1% of their list price. Basically, sellers are getting pretty much what they’re asking for.
Days on Market
Next up is always a fan favorite. Days on Market. In January, we were at 16 days. Last month we sat at 11 days so there is a slight increase in the days on market. Again that has been the trend for the last couple of months but still an extremely low number.
Median Sold Price
Finally, lets talk dollars and cents. The Median sold price for a home in springboro for the month of January was 419,000. That is up from $370,000 in January 2024. That is a whopping 13.24% increase year over year.
