Market Intelligence Report — OH-220

Springfield, OH

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-OH-09
As of the latest 2026 data
Accelerated

Median Listing

$226K
-0.4% YoY

Pending Ratio

0.62
-15.8% YoY

Active Inventory

281
+6.3% YoY

Median DOM

42 Days
-6.7% YoY

Primary Intelligence Tool — Sold Score™

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The Springfield, OH market is currently experiencing accelerated demand absorption, with a pending ratio of 0.62 indicating a heightened pace of transactions. Despite a slight year-over-year decline in the median listing price of -0.4%, active listings have expanded by 6.3% over the past year, providing some relief to inventory levels.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.8%-1.4 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

135,340-0.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

25+24.2% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Springfield market right now.

Active listings have increased by 6.3% over the past year, reaching 281 units, while new listings experienced a modest decline of 3.6% during the same period. The median listing price saw a month-over-month increase of 3.3%, although it registered a marginal year-over-year decrease of 0.4%. Days on market have tightened, with a 6.7% reduction over the past year, suggesting quicker transaction times for available properties.

Historical Analysis

Market Trends

Median Price

$226K+3.3% MoM

Active Inventory

281+6.3% YoY

Days on Market

42-6.7% YoY

Sold Score™

74-15.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

74
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The pending ratio of 0.62 points to sustained demand absorption relative to available inventory, creating an environment where properties are transitioning off-market with relative speed. This level of demand suggests that price discipline from sellers is likely to be a factor, with properties potentially attracting offers more quickly. The current pace indicates reduced leverage for buyers seeking prolonged negotiation periods.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

281 active listings represent the current floor, with new supply arriving at roughly 160 per month.

Pricing Pressure
28.1%

of active listings carry a price reduction, +4.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.1% year-over-year.

Absorption
0.62

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Springfield, OH? Homes here are taking 3 days less to sell than last year.

Demand in Springfield, OH is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
62%
Median Days on Market
42 days
Inventory YoY
+6%

Demand is strong in Springfield, OH. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Springfield, OH
CBSA Code
44220
State
OH

ZIPs in Springfield, OH

Sorted by active inventory · click a ZIP for its full report