$7,125 Closing Credit*
$599,999
1,000 SqFt
2 Beds
•1 Full Bath, 1 Partial
#488089, Listing Office: Momentum Real Estate LLC
Is New Springville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Springville was a Seller's Market.
Key Takeaway
New Springville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Springville, NY
How much do homes in New Springville, NY cost?
Median Sold Price
$555,000
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$65,000(-10.5%)
Key Takeaway
Homes in New Springville have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in New Springville was $555,000 in November 2024, down 10.5% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.7K | $322.5K | +3.1% |
| 2 Bedrooms | $467.5K | $470K | 0.5% |
| 3 Bedrooms | $620K | $650K | +4.8% |
| 4 Bedrooms | $740K | $890K | +20.3% |
| 5+ Bedrooms | $1.1M | $1.0M | -1.8% |
Summary: New Springville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in New Springville, NY
How many homes are available in New Springville, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The New Springville real estate market had 27 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 2 | -66.7% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New Springville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
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 New Springville, 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 New Springville in November 2024, up by 33.3% 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 New Springville, NY
How long does it take to sell a home in New Springville, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 11 Days | -84.5% |
Summary: Homes in New Springville had an average of 11 days on market in Nov 2024, down by 84.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Springville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in New Springville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.