Warren County Ohio Real Estate News and Observations

What's My Springboro Ohio Home Worth? May 2019

 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

We're in the peak of the market for Springboro.  Sales are good, prices are good, time to sell is reasonable.  Overall the market in Springboro is reasonably balanced.        

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

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:  60 (0 Bank/Government Owned, 0 Short Sale, 3 New Construction) UP 14

Average Price:  $356,953 UP $15k

Median Price:  $329,950 UP $10k

Days on Market Average: 67 UP 5 (Median DOM 52)

Homes Active 6/17/2019: 85 UP 6

Homes Pending 6/17/2019:  47 DOWN 8

Homes Active/Pending 6/17/2019: 36 (DOWN 1) more that have a contingency in place (e.g. a home to sell, inspections still to be performed, etc.)

Average Sales/List %: 98.2 DOWN .3%

Most Expensive Home Sold:  $1,125,000

Least Expensive Home Sold:  $122,000

 

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

  • Completed sales were on the lower end of typical for a May month. 
  • Prices continued to be higher than past years on a year to year comparison.  3 months in a row that recent median prices are higher than recent years.
  • Overall the market is fairly balanced.  Homes aren't selling quite a fast as most of the county, and inventory actually grew slightly this month. 
  • There are still plenty of homes under contract (Pending) and Active/Pending.     
  • New construction accounts for 10 of the 85 homes not under contract. 
  • 15 of the 60 sales were $400,000 or greater, and of those 15, 7 of them were above $500,000. 
  • Time to sell is still approximately 2 months.
  • 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.  98.2% 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?  

No real change from last month.  We're in the busiest part of the year for home sales.  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? 

Not much changes with 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:

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

 

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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Comment balloon 1 commentLiz and Bill Spear • June 18 2019 02:32AM
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