$10,000 Closing Credit*
$952,000
4,716 SqFt
4 Beds
•3 Full Baths, 2 Partial
Jennifer Neff, Listing Office: Compass Pennsylvania, LLC
Is Spring City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Spring City has remained a Seller's Market.
Key Takeaway
Spring City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring City, PA
How much do homes in Spring City, PA cost?
Median Sold Price
$412,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,500(-7.3%)
Key Takeaway
Homes in Spring City have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Spring City was $412,500 in October 2024, down 7.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284K | $317K | +11.6% |
| 3 Bedrooms | $398.5K | $391.2K | -1.8% |
| 4 Bedrooms | $530K | $478.9K | -9.6% |
| 5+ Bedrooms | $890K | $615K | -30.9% |
Summary: Spring City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 30.9%.
Median Sold Price Compared To Nearby Cities
| East Pikeland Township | $425K | $475K | +11.8% |
| Upper Providence Township | $484.9K | $510K | +5.2% |
| Royersford | $415K | $415K | 0.0% |
| East Vincent Township | $501K | $487.5K | -2.7% |
| Spring City | $445K | $412.5K | -7.3% |
Housing Supply in Spring City, PA
How many homes are available in Spring City, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The Spring City real estate market had 36 homes for sale in October 2024, a 5.9% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Spring City 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 increased by 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring City, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Spring City in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for Spring City, PA
How long does it take to sell a home in Spring City, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 11 Days | -71.1% |
Summary: Homes in Spring City had an average of 11 days on market in Oct 2024, down by 71.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Spring City; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
