Is Springettsbury Township, 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, Springettsbury Township has remained a Seller's Market.
Housing Prices in Springettsbury Township, PA
How much do homes in Springettsbury Township, PA cost?
Median Sold Price
$265,750
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springettsbury Township was $265,750 in May 2024, up 4.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118K | N/A |
2 Bedrooms | $197.5K | $205K | +3.8% |
3 Bedrooms | $240K | $250K | +4.2% |
4 Bedrooms | $310K | $335.5K | +8.2% |
5+ Bedrooms | $487.5K | $508.1K | +4.2% |
Summary: Springettsbury Township 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 increased by 3.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Hellam Township | $250K | $275K | +10.0% |
Spring Garden Township | $250K | $272K | +8.8% |
Springettsbury Township | $254.2K | $265.7K | +4.5% |
Manchester Township | $265K | $275.4K | +3.9% |
East Manchester Township | $297.4K | $295K | -0.8% |
Housing Supply in Springettsbury Township, PA
How many homes are available in Springettsbury Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 99 | +28.6% |
Summary: The Springettsbury Township real estate market had 99 homes for sale in May 2024, a 28.6% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 42 | 53 | +26.2% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Springettsbury Township 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 decreased by 14.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Springettsbury Township in May 2024, up by 10.0% month-over-month. Of the 22 sold homes, 14% were sold under asking, 27% were sold at asking, and 59% were sold over asking.
Days on Market for Springettsbury Township, PA
How long does it take to sell a home in Springettsbury Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 8 Days | -18.0% |
Summary: Homes in Springettsbury Township had an average of 8 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Springettsbury Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.