Key Market Insights:

• Median Sold Price: $179,928, up 8.9% year-over-year. (rocket.com)
• Median Price Per Square Foot: $135, indicating a 6.6% increase from the previous year. (rocket.com)
• Inventory Levels: 436 homes were listed for sale in January 2025, a 2.3% increase from December 2024. (rocket.com)
• Market Dynamics: 53.6% of homes sold below asking price, suggesting a competitive market with potential for negotiation. (rocket.com)

Comparative Analysis:

• Summit County Overview: The average home value in Summit County is $204,422, marking a 5.8% increase over the past year. (zillow.com)
• Nearby Communities: Mogadore's median sold price rose by 11.1% to $250,000, while Suffield Township saw a slight decline of 1.7% to $260,500. (rocket.com)

Market Trends:

• Seller's Market: The township remains a seller's market, with rising prices and homes selling faster than in previous years.
• Price Variations by Bedroom Count: Notable increases include 5+ bedroom homes, which saw a 32.7% rise to $219,000. (rocket.com)

Overall, Springfield Township's real estate market is robust, with rising prices and a competitive environment favoring sellers. Prospective buyers should be prepared for a dynamic market, while sellers can anticipate favorable conditions.