Sold by The Liz Spear Team of RE/MAX Elite in Springboro's Stone Ridge The Woods
There is still a shortage of homes for sale in Springboro Ohio, and that drives down the total sales numbers. The good news is Springboro continues to be one of the more affluent areas in Warren County with higher than typical sales prices. The typical Spring surge in real estate is underway, with a big pickup in the number of homes under contract.
Stay with us for the full Springboro report and our advice for potential Springboro home sellers and buyers. And if you want to search Springboro homes for sale, we've got search for Springboro homes for sale links at the bottom of the report. Want to know How Much Is My Springboro Home Worth? Just click the link, fill out the form and we'll get back to you shortly!
This report covers the Springboro Community School district single family homes (so portions of surrounding townships will be included e.g. Clearcreek & Turtlecreek). This report will only cover single family homes and not include condominium data. Data is derived from the Dayton MLS only, so homes sold without Dayton MLS entry will NOT be included in this review.
The Springboro area is popular, especially with residents seeking to commute into Dayton (easy access with I75 and SR741), and even works well for those not minding a bit longer commute south to the Cincinnati area. Springboro is a good choice for couples where one works in Dayton and the other in Cincinnati.
Springboro Community Schools are among the state's best public schools per the Ohio Department of Education ratings. Additionally Springboro was selected #42 in U.S. in 2011 by Money magazine for Best Small Cities To Live and probably would have made the 2013 & 2015 lists, but Money magazine changed the rules to only one town per county and Mason got the nod.
Keep in mind that some homes may only be listed in the Cincinnati MLS and will not be included in this report. We STRONGLY recommend any Springboro resident selling their home hire a REALTOR(R) with access to BOTH Cincinnati and Dayton MLS.
Stone Ridge, A Clearcreek Township community with Springboro Schools
So, on to the review!
First up is the number of Springboro single family homes sold on a month by month basis starting in 2013 and carrying forward to present:
Next is the Springboro median price summary chart.
Springboro Single Family Home Summary:
Homes Sold: 38 (0 Bank/Government Owned, 0 Short Sale, 4 New Construction) UP 9
Average Price: $357,447 UP $32.5k
Median Price: $271,000 UP $81k
Days on Market Average: 73 UP 3 (Median DOM 53)
Homes Active 4/28/2019: 71 UP 6
Homes Pending 4/28/2019: 52 UP 24
Homes Active/Pending 4/28/2019: 33 (DOWN 3) more that have a contingency in place (e.g. a home to sell, inspections still to be performed, etc.)
Average Sales/List %: 98.0 DOWN .2%
Most Expensive Home Sold: $935,000
Least Expensive Home Sold: $129,500
So what does this all mean? There are some key takeaways:
- The continuing issue with lack of homes on the market continues. Completed sales were lower than normal for the time of year.
- The good news, expect April and May to continue upward based upon the increase in homes under contract (Pending) and Active/Pending.
- New construction accounts for 11 of the 71 homes not under contract.
- Sales prices jumped significantly, but before getting too excited, there's not some driver suddenly increasing the value of Springboro homes. This month there was a high portion of homes in the higher prices. 12 of the 38 sales were $400,000 or greater, thus pulling up the average sales price and the median sales price.
Time to sell is still in the 2-3 month range.
- Distressed properties are still rare, accounting for one of the homes for sale and none of the homes sold.
- Don't expect huge discounts from asking price. 98.0% sold to list price indicates a LITTLE negotiation, but not much.
Bottom line: Springboro CONTINUES to be one of your best choices for buying a home in the Cincinnati/Dayton corridor but act fast for the best of the best homes.
So what does this mean to you as a Springboro single family home owner?
It's time to get out of the gate. With the Spring market arrival, the longer you wait, the more competition to expect. Since there is still a shortage of homes for sale, it's to your advantage to enter the market while there is less competition. What doesn't change? The need to be priced right coupled with solid marketing so the maximum buyer pool has visibility to your home. Buyers are out there and Springboro is still high demand, with great market stability and distressed properties having almost no impact. Need a real estate team to help put it all together? Just give us a call at 513-520-5305.
If you're a luxury home seller keep in mind you're competing against custom home new construction in communities like Country Brook and Silver Lake. Combine that with fewer buyers able to afford luxury homes and you realize the market slice is MUCH smaller for you.
For an evaluation of your home's marketability, please contact us at 513-520-5305. And of course your personal circumstances will have impact of the right decision. We'll give you our best advice, whether to start now, or wait.
So what does this mean to you as a potential Springboro home buyer?
Not much changes with our buyer advice. Springboro is a desirable place to call home, so that means you'll have competition of the best homes.
As a buyer, you need to watch the market closely and already have your financial ducks in a row so you can act quickly when the right home is available.
Like a Springboro home for sale? Be prepared to pay for the great condition homes in the best developments.
Springboro offers a lot of prime factors to make it home: great schools, great location, great community. There are quite a few newer homes for sale in communities such as Settlers Walk, and some older subdivisions provide the lower end of the shopping price point. New construction is also available.
Want to search Springboro Homes For Sale? Use these Cincinnati MLS links for a partial snapshot. For a COMPLETE overview of both Cincinnati and Dayton MLS homes, contact us and we'll provide a full list for your convenience.
Search Springboro Ohio 45066 Homes For Sale Under $200,000
When you're interested in buying a Springboro home, please contact us at 513-520-5305 or email Liz@Lizspear.com with your needs and we'll help you find the right Springboro community for you! Why not take advantage of the extremely low interest rates and get your Springboro home before prices climb higher?
Serving Springboro's home buyers and sellers,
Liz and Bill aka BLiz
Recent Springboro Reports: