Real Estate Market Update for 45503 (Springfield, OH)
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 35% from one year earlier, and up 15% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 68%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 80-thousand dollars. The number of units sold increased 33% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 45503 (Springfield, OH)
Area Information for 45503 (Springfield, OH)
  • Population: 32,308
  • Median Age: 41.35 yr
  • Median Commute Time: 16.1 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,863/sq mi
  • Population Change Since 2000: -1.11%
  • Closest Airport: James M Cox Dayton International
  • Closest College: Wittenberg University
  • Closest Jr. College: Clark State Community College
  • Median Household Income: $44,822
  • Annual Residential Turnover: 16.37%
  • Median Years in Residence: 4.25 yr
  • Median Home Sales Price: $79,900
  • Closest Major Sports Team: Columbus Blue Jackets
  • Change Avg. Household Income Since 2000: 11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 45503 (Springfield, OH)
Median Age: 41.35 Married: 36% Number of Households: 13,907 Households with Children: 4,179
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 45503 (Springfield, OH)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Northridge Middle School 1.5 mi Public 6-8 3-5 3
      Northridge Elementary School 1.5 mi Public K-5 2-5 4
      Kenton Ridge High School 1.5 mi Public 9-12 3 4
      Kenton Elementary School 1.5 mi Public K-6 1 2
      Roosevelt Middle School 1.5 mi Public 7-8 2 3
      Catholic Central Elementary - Limestone Campus 2.1 mi Catholic PRESCHOOL-6 0 0
      Lagonda Elementary School 2.3 mi Public K-6 1 3
      Warder Park-wayne Elementary School 2.6 mi Public K-6 1 3
      Catholic Central Elementary - Lagonda Campus 3.0 mi Catholic PRESCHOOL-6 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 45503 (Springfield, OH)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.