Comprehensive market data and analysis• Updated Dec 2025
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 6 | 11 | 25 |
| 1-2 acres | - | - | 3 | 8 |
| 2-5 acres | 1 | 2 | 7 | 10 |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | 1 | 2 |
| 20-50 acres | - | 1 | 1 | 3 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 9 | 24 | 52 |
Acreage buckets
The median price for land in Springfield, Ohio is currently $32K per acre. For a typical parcel, the median sale price is $62K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $5K while premium lots reached $238K.
Springfield, Ohio is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 112.0% year-over-year.
Springfield, Ohio currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Springfield, Ohio saw 52 properties sold, totaling $5.1M in sales volume. In just the last 3 months, 9 properties changed hands.
Land in Springfield, Ohio typically sells within 101 days of listing. The median time on market is 54 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Springfield, Ohio stands at $62K. This translates to roughly $32K per acre for the typical parcel size. The average price is $98K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Springfield, Ohio is 6.3%. The 12-month rate is 9.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
