$3,307 Closing Credit*
$278,500
1,594 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Allentown
Is Sinking Spring, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$313,750
$209/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$25,250(-7.4%)
Key Takeaway
Homes in Sinking Spring have sold for 7.4% less than they did a month ago.
Summary: The median home sold price in Sinking Spring was $313,750 in October 2024, down 7.4% from last month, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $333K | $313.7K | -5.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $714.9K | - | N/A |
Summary: Sinking Spring housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sinking Spring, PA
How many homes are available in Sinking Spring, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Sinking Spring real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Sinking Spring housing inventory by bedroom type for October 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 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sinking Spring, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Sinking Spring in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -58.6% |
Summary: Homes in Sinking Spring had an average of 5 days on market in Oct 2024, down by 58.6% compared to last month.
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 October 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.
