Springboro, OH Housing Market Update: Mixed pricing signals as rates hold near 6%
Springboro, OH – March 6, 2026 – January market indicators showed a $363K median sale price on Redfin alongside a higher $430K median sale price on Realtor.com, while Zillow’s h…
Top takeaways
- Redfin (January 2026): $363K median sale price, 15 homes sold, and a 49-day median time on market.
- Zillow (updated 1/31/2026): average home value around $416K, with homes typically going pending in about 27 days.
- Rates: Freddie Mac’s PMMS showed the 30-year fixed at 6.00% (03/05/2026) and the 15-year fixed at 5.43%.
Market snapshot
Springboro is tracking as a somewhat competitive market based on Redfin’s indicators, but pricing signals vary by source and metric. On the sales side, Redfin’s January 2026 median sale price came in at $363K, with 15 homes sold and a 49-day median time on market—useful for gauging both demand and how quickly listings are converting into closed sales.
At the same time, Zillow’s Home Value Index was around $416K (updated 1/31/2026), and Zillow notes homes typically go pending in about 27 days. That pending timeline can feel faster than closed-sale timelines because it reflects how quickly homes find a buyer (even though the closing process continues afterward). Realtor.com’s local overview lists a $430K median home sale price and a median rent around $2.3K, adding another reference point for buyers comparing owning vs. renting.
One additional data point to watch: Redfin’s January sale-to-list ratio was 96.5%. Even in a steady-demand environment, that suggests many closings are still happening below asking—especially for listings that don’t generate strong early interest.
Rates watch
Mortgage rates remained a central factor for affordability. Freddie Mac’s Primary Mortgage Market Survey showed a 30-year fixed average of 6.00% (03/05/2026) and a 15-year fixed average of 5.43%. In a rate-sensitive environment, buyers often focus on monthly payment math, and sellers may see more negotiation on homes that sit past the first few weeks.
What’s for sale (recent examples)
- Entry-level: 3-bedroom homes around $280K.
- Mid-market: 3-bedroom options near $335K.
- High-end: luxury properties listed around $1.8M.
What are you seeing right now: more price cuts, fewer showings, or multiple-offer homes?