Is Springdale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Springdale has remained a Seller's Market.
Key Takeaway
Springdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springdale, PA
How much do homes in Springdale, PA cost?
Median Sold Price
$140,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Springdale have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Springdale was $140,000 in May 2024, down 8.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $145K | $135K | -6.9% |
| 3 Bedrooms | $148.7K | $140K | -5.9% |
| 4 Bedrooms | $197.5K | $185K | -6.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Springdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Plum | $239.9K | $240.2K | 0.1% |
| Springdale Township | $153K | $146K | -4.6% |
| Springdale | $153K | $140K | -8.5% |
Housing Supply in Springdale, PA
How many homes are available in Springdale, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Springdale real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Springdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Springdale in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Springdale, PA
How long does it take to sell a home in Springdale, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 35 Days | -20.8% |
Summary: Homes in Springdale had an average of 35 days on market in May 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Springdale; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
