Latest Update: September 2026 (August Stats)
Key Metrics
| Metric | August 2026 | Month-over-Month Change | Year-over-Year Change |
|---|---|---|---|
| Average Sale Price | $264,767 | -7.24% | +1.37% |
| Homes Sold | 445 | -7.48% | +1.83% |
| Average Days on Market | 71 days | 4 days slower | 5 days slower |
What's Happening in the Springfield Market?
The Springfield, Ohio housing market recorded lower average prices and fewer completed sales in August 2026 than in July.
The average sale price decreased from $285,434 in July to $264,767 in August, a month-over-month decline of 7.24%. Compared with August 2025, however, the average price was 1.37% higher.
A total of 445 homes sold in August, compared with 481 in July. That represents a monthly decrease of 7.48%. Sales activity remained 1.83% above August 2025, when 437 homes sold.
Homes also took longer to sell. Average days on market increased from 67 days in July to 71 days in August. That was four days slower month over month and five days slower than the 66-day average recorded in August 2025.
Overall, Springfield experienced a clear monthly pullback in average price and sales activity. The year-over-year comparison was more stable, with modest increases in both average sale price and completed sales.
Springfield’s transaction volume is smaller than Dayton’s or Cincinnati’s. Changes in the types, locations and price ranges of homes sold can therefore have a more noticeable effect on the monthly average. Market-wide figures do not represent the expected price or selling time for every property.
What This Means for Buyers
With homes averaging 71 days on market in August, Springfield buyers may have more time to evaluate certain properties than buyers in faster-moving regional markets. Individual listings can still sell much sooner or remain available longer than the overall average.
The monthly decline in average sale price should not be interpreted as a uniform decrease in the value of every Springfield property. Buyers should compare each home with recent sales involving similar properties in the same area.
Preparing financing and establishing priorities before touring can help buyers make decisions based on their budget and needs rather than relying only on the market-wide average.
What This Means for Sellers
Springfield’s average sale price and total sales remained slightly above their August 2025 levels. However, the monthly declines and longer average market time reinforce the importance of setting realistic expectations.
Sellers should review recent comparable sales and obtain a current comparative market analysis, or pricing analysis, before choosing an initial list price. The strongest comparisons will reflect the property’s location, condition, price range, features and overall marketability.
Property preparation and a strong marketing presentation can also help a home compete for buyer attention. The 71-day market-wide average provides useful context, but it does not guarantee the selling time or final price of an individual property.
16-Month Market Trends
The charts below show how average sale price, homes sold and average days on market changed in the Springfield, Ohio housing market from May 2025 through August 2026.
Source: WRIST MLS, May 2025–August 2026.
Source: WRIST MLS, May 2025–August 2026.
Source: WRIST MLS, May 2025–August 2026.
| Month | Average Sale Price | Homes Sold | Average DOM |
|---|---|---|---|
| August 2026 | $264,767 | 445 | 71 days |
| July 2026 | $285,434 | 481 | 67 days |
| June 2026 | $282,152 | 452 | 69 days |
| May 2026 | $265,467 | 478 | 71 days |
| April 2026 | $271,297 | 360 | 82 days |
| March 2026 | $257,966 | 354 | 77 days |
| February 2026 | $232,909 | 293 | 85 days |
| January 2026 | $244,709 | 250 | 78 days |
| December 2025 | $238,878 | 372 | 82 days |
| November 2025 | $236,697 | 364 | 71 days |
| October 2025 | $254,203 | 432 | 67 days |
| September 2025 | $252,152 | 422 | 73 days |
| August 2025 | $261,195 | 437 | 66 days |
| July 2025 | $258,848 | 514 | 68 days |
| June 2025 | $256,834 | 450 | 64 days |
| May 2025 | $247,884 | 463 | 71 days |
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