The Springs is one of the busier resale neighborhoods inside Settlers Walk. Here is what the listings show, and how it compares to Springboro overall.
Recent Listing Prices in The Springs
A 3-bedroom, 1,632 square foot ranch on Shady Pines Avenue was listed at $386,500 after a price cut, which is about $237 per square foot. A 3-bedroom, 3-bath home on Springs Boulevard was $460,000, a 4-bedroom on Sweetgum Lane was $499,900, and a 5-bedroom on Clearsprings Drive was $569,900.
Several of these listings had recent price reductions, which tells you sellers are adjusting to what buyers will pay.
Springboro Overall
Homes.com reports a Springboro median sale price around $450,000 over the last 12 months, up 5% from the year before, with homes selling after about 46 days on the market. Redfin’s Springboro figures show homes for sale staying on the market around 49 days.
Most Springs homes are priced below that median for ranches and near or above it for larger two-stories.
What This Means for Sellers
Price to the market from the start. Listings that begin high and then get reduced tend to sit longer than ones priced right on day one. A finished basement and updated kitchen are worth featuring.
What This Means for Buyers
There is room to negotiate on homes that have sat, and buyers can often use a price reduction or seller credit to their advantage. Compare price per square foot, including finished basement space, before you decide.
Frequently Asked Questions
What is the median price in Springboro?
Homes.com reports about $450,000 over the last 12 months, up 5% from the prior year.
How long do Springboro homes take to sell?
Around 46 to 49 days, according to Homes.com and Redfin.
Are Springs homes getting price cuts?
Several recent listings had reductions, so there may be room to negotiate.
More About The Springs
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