Market Intelligence Report — OH-220

Springfield, OH

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

Ref. No: 2026-OH-08
As of the latest 2026 data
Accelerated

Median Listing

$219K
-2.2% YoY

Pending Ratio

0.76
-0.3% YoY

Active Inventory

248
-2.8% YoY

Median DOM

46 Days
+15.0% YoY

Primary Intelligence Tool — Sold Score™

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The Springfield, OH housing market is currently exhibiting an Accelerated condition, driven by a pending ratio of 0.76. This indicates robust demand absorption relative to available inventory. The median listing price has increased 1.5% month-over-month, although it remains down 2.2% year-over-year.

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

3.9%-1.4 pp YoY

Unemployment rate · Jul 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

26-13.3% YoY

Building permits (private housing units) · Jul 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 experienced a modest contraction of 2.8% year-over-year, while new listings have remained flat over the same period. The median days on market have extended by 15.0% year-over-year, reaching 46 days. Concurrently, the median price per square foot has seen a notable increase of 5.2% year-over-year, contrasting with a slight year-over-year decline in the overall median listing price.

Historical Analysis

Market Trends

Median Price

$219K+1.5% MoM

Active Inventory

248-2.8% YoY

Days on Market

46+15.0% YoY

Sold Score™

78-0.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

78
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

With a pending ratio of 0.76, the market demonstrates significant demand absorbing inventory at an accelerated pace. This environment suggests that properties are moving quickly, leading to diminished inventory pressure. As such, sellers may maintain stronger price discipline, while buyers should anticipate a more competitive landscape with less time for protracted negotiations.

Luxury Segment

The average listing price has declined 2.8% year-over-year, while the median listing price has also declined 2.2% year-over-year. This suggests no distinct softening trend within the luxury segment relative to the broader market dynamics.

Supply Dynamics

248 active listings represent the current floor, with new supply arriving at roughly 156 per month.

Pricing Pressure
24.5%

of active listings carry a price reduction, -1.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.2% year-over-year.

Absorption
0.76

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Springfield, OH? Homes here are taking 6 days longer 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
76%
Median Days on Market
46 days
Inventory YoY
−3%

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

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