Is Springville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Springville has remained a Seller's Market.

Key Takeaway

Springville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Springville, IN

How much do homes in Springville, IN cost?

Median Sold Price

$587,500

$194/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$402,550(+217.7%)

Key Takeaway

Homes in Springville have sold for 217.7% more than they did a month ago.

Summary: The median home sold price in Springville was $587,500 in November 2024, up 217.7% from last month, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $40K-
N/A
4 -$587.5K
N/A
5+ $625K-
N/A

Summary: Springville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Perry Township
+1368.8%
Springville
+217.7%
Indian Creek Township
+60.0%

Housing Supply in Springville, IN

How many homes are available in Springville, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Springville real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 78
+14.3%
4 22
0.0%
5+ 21
-50.0%

Summary: The Springville housing inventory by bedroom type for November 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Springville in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Springville, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Springville, IN

Nearby Markets to Springville, IN

What housing markets are near Springville, IN?