New Springfield, OH—44443

As of Aug '25, the median home price in New Springfield, OH is $229,000, with a year-over-year change of 3.6%. This indicates that home prices in New Springfield, OH are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in New Springfield, OH is 51. This is an increase of 65.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in New Springfield, OH in that year was 52. 77.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 64.0%. Of those, 23.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in New Springfield, OH. Investor activity in New Springfield, OH is low, as 0.0% of all loans are originated by investors. In 2023, 21.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.