$6,531 Closing Credit*
$550,000
2,450 SqFt
3 Beds
•2 Full Baths, 1 Partial
Damian O'Meally, Listing Office: Keller Williams Realty WNY
Is Springville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Springville has remained a Buyer's Market.
Key Takeaway
Springville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springville, NY
How much do homes in Springville, NY cost?
Median Sold Price
$229,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,000(-6.5%)
Key Takeaway
Homes in Springville have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Springville was $229,000 in November 2024, down 6.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $283.7K | +41.9% |
| 3 Bedrooms | $182K | $203.5K | +11.8% |
| 4 Bedrooms | $327.5K | $225K | -31.3% |
| 5+ Bedrooms | $245K | $300K | +22.4% |
Summary: Springville 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 41.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Springville | $245K | $229K | -6.5% |
| Concord | $320K | $240.5K | -24.8% |
Housing Supply in Springville, NY
How many homes are available in Springville, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Summary: The Springville real estate market had 22 homes for sale in November 2024, a 26.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 15 | 8 | -46.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 decreased by 11.1%, 4 bedroom homes decreased by 46.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Springville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Springville in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Springville, NY
How long does it take to sell a home in Springville, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 67 Days | +1118.2% |
Summary: Homes in Springville had an average of 67 days on market in Nov 2024, up by 1118.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Springville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
