$10,000 Closing Credit*
$1,125,000
1,400 SqFt
3 Beds
•2 Full Baths, 2 Partial
Listing Office: Douglas Elliman Real Estate
Is Springs, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Springs was a Seller's Market.
Key Takeaway
Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springs, NY
How much do homes in Springs, NY cost?
Median Sold Price
$1,350,000
$824/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$185,000(+15.9%)
Key Takeaway
Homes in Springs have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Springs was $1,350,000 in September 2024, up 15.9% from last year, and the median price per square foot was $824.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $620K | N/A |
| 2 Bedrooms | $800K | $1.0M | +28.1% |
| 3 Bedrooms | $1.1M | $1.2M | +13.3% |
| 4 Bedrooms | $1.8M | $1.5M | -12.4% |
| 5+ Bedrooms | $3.0M | $2.2M | -25.5% |
Summary: Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 25.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Springs | $1.1M | $1.3M | +15.9% |
| Northwest Harbor | $1.8M | $1.8M | +1.9% |
Housing Supply in Springs, NY
How many homes are available in Springs, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Springs real estate market had 32 homes for sale in September 2024, a 10.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Springs housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springs, 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 Springs in September 2024, down by 66.7% 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 Springs, NY
How long does it take to sell a home in Springs, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 81 Days | 37 Days | -54.3% |
Summary: Homes in Springs had an average of 37 days on market in Sep 2024, down by 54.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springs has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Springs; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.