Condo Foreclosures in Springfield, OH 45506

Current Market Conditions in Springfield, OH

Currently, Springfield's real estate market is showing a stable trend with moderate growth compared to previous years. Home prices have been steadily rising, but they remain affordable compared to other urban areas in Ohio, attracting both first-time buyers and investors.

The market is increasingly competitive, with a lower inventory of homes for sale leading to quicker sales and some bidding wars, especially for properties in prime locations. The demand for single-family homes continues to rise, making it a great time for sellers.

Rent Prices In Springfield, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, OH, is on a rollercoaster ride. The average rent price in Springfield, OH, is $1,135.00. Indeed, when looking to rent in Springfield, OH, you can expect to pay as little as $440.00 or as much as $2,480.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Springfield, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.