What's My Springboro Ohio Home Worth? September 2019

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

8102 Hidden Ridge Ct in Stone Ridge The Woods is listed by us!

Sold by The Liz Spear Team of RE/MAX Elite in Springboro's Stone Ridge The Woods

Springboro's real estate market had another great month, with September's sales and prices beating those of recent years.           

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!

555 Heatherwoode Circle

We just sold this home in less than 1/2 of the median time for Springboro!

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 The Woods of Springboro Ohio 45066

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:
Springboro Ohio home sales Next is the Springboro median price summary chart. Springboro Single Family Home Market Report

 Springboro Single Family Home Summary:

Homes Sold:  59 (0 Bank/Government Owned, 0 Short Sale, 2 New Construction) DOWN 7

Average Price:  $336,987 UP $8.5k

Median Price:  $325,000 UP $15k

Days on Market Average: 67 DOWN 8 (Median DOM 54)

Homes Active 10/30/2019: 82 UP 7

Homes Pending 10/30/2019:  33 DOWN 12

Homes Active/Pending 109/30/2019: 40 (UP 3) more that have a contingency in place (e.g. a home to sell, inspections still to be performed, etc.)

Average Sales/List %: 98.3 UP 0.2%

Most Expensive Home Sold:  $750,000

Least Expensive Home Sold:  $120,000

 

So what does this all mean?   There are some key takeaways:

  • September was a better than normal month for home sales.  While there might have been a drop month to month, check against other September totals and you'll see 59 is VERY good.  (compare on the chart for the last few years).
  • Prices rose, both average and median.  The trend of the median price being the highest for each month held true.  2019 beats the years prior easily.     
  • Time to sell decreased, and still balanced for the market. 
  • There are still plenty of homes under contract (73) but declining a bit as is typical for this time of year.
  • New construction accounts for 13 of the 82 homes not under contract (and only 2 of the 59 sold). 
  • 7 of the 59 sales were $500,000 or greater. 
  • Distressed properties are still rare, accounting for none of the homes for sale and none of the homes sold.   
  • Don't expect huge discounts from asking price.  98.3% 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?  

There's still no reason to change our seller advice.  We're continuing the strong market performance.  The longer you wait to get on the market, 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? 

NO CHANGE FOR OUR BUYER ADVICE EITHER.  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

Search Springboro Ohio 45066 Homes For Sale $200,000 to $400,000 

Search Springboro Ohio 45066 Homes For Sale $400,000 and Up

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:

August 2019 Springboro Ohio Real Estate Report

July 2019 Springboro Ohio Real Estate Report

June 2019 Springboro Ohio Real Estate Report

May 2019 Springboro Ohio Real Estate Report

April 2019 Springboro Ohio Real Estate Report

March 2019 Springboro Ohio Real Estate Report

February 2019 Springboro Ohio Real Estate Report

January 2019 Springboro Ohio Real Estate Report

December 2018 Springboro Ohio Real Estate Report

November 2018 Springboro Ohio Real Estate Report

October 2018 Springboro Ohio Real Estate Report

September 2018 Springboro Ohio Real Estate Report

August 2018 Springboro Ohio Real Estate Report

July 2018 Springboro Ohio Real Estate Report

June 2018 Springboro Ohio Real Estate Report

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bill. Looks like Liz has reached out beyond patio homes! Keep reaching and braodening your circle. Congrats! Enjoy your day!

Oct 31, 2019 05:06 AM #1
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