$3,858 Closing Credit*
$324,900
1,964 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michelange Alexis, Listing Office: Iron Valley Real Estate of Berks
Is Sinking Spring, PA 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, Sinking Spring has remained a Seller's Market.
Key Takeaway
Sinking Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sinking Spring, PA
How much do homes in Sinking Spring, PA cost?
Median Sold Price
$319,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,000(+10.0%)
Key Takeaway
Homes in Sinking Spring have sold for 10% more than they did a year ago.
Summary: The median home sold price in Sinking Spring was $319,000 in November 2024, up 10% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $267K | +24.2% |
| 3 Bedrooms | $285K | $319K | +11.9% |
| 4 Bedrooms | $522K | $475K | -9.0% |
| 5+ Bedrooms | $507.4K | $435K | -14.3% |
Summary: Sinking Spring 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 24.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Cities
| South Heidelberg Township | $335.5K | $375K | +11.8% |
| Sinking Spring | $290K | $319K | +10.0% |
| Spring Township | $293.3K | $314.6K | +7.3% |
Housing Supply in Sinking Spring, PA
How many homes are available in Sinking Spring, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Sinking Spring real estate market had 14 homes for sale in November 2024, a 7.7% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sinking Spring 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 increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sinking Spring, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Sinking Spring in November 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sinking Spring, PA
How long does it take to sell a home in Sinking Spring, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 5 Days | +7.4% |
Summary: Homes in Sinking Spring had an average of 5 days on market in Nov 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
5 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 Sinking Spring are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Sinking Spring; 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.
