Is Springport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springport is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Springport was a Neutral Market.

Key Takeaway

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

Housing Prices in Springport, NY

How much do homes in Springport, NY cost?

Median Sold Price

$385,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$176,000(+84.2%)

Key Takeaway

Homes in Springport have sold for 84.2% more than they did a year ago.

Summary: The median home sold price in Springport was $385,000 in November 2024, up 84.2% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $91.7K$305K
+232.4%
3 $200K$305K
+52.5%
4 $305K-
N/A
5+ $250K$385K
+54.0%

Summary: Springport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 232.4%, 3 bedroom homes increased by 52.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 54%.

Median Sold Price Compared To Nearby Cities

Springport
+84.2%
Union Springs
+77.0%
Fleming
+27.9%
Ledyard
-13.2%

Housing Supply in Springport, NY

How many homes are available in Springport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
550.0%

Summary: The Springport real estate market had 5 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 11
0.0%
3 21
-50.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The Springport 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 decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springport, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Springport in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Springport, NY

How long does it take to sell a home in Springport, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days13 Days+30.0%

Summary: Homes in Springport had an average of 13 days on market in Nov 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springport are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Springport; 100% 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.

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

Report Updated 17 Days Ago

Newest Listings in Springport, NY

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