$4,026 Closing Credit*
$339,000
825 SqFt
1 Bed
•1 Full Bath
Damon C. Michels, Listing Office: KW Main Line - Narberth
Is Spring Garden, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Spring Garden was a Seller's Market.
Key Takeaway
Spring Garden is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Garden, PA
How much do homes in Spring Garden, PA cost?
Median Sold Price
$557,500
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$156,000(+38.9%)
Key Takeaway
Homes in Spring Garden have sold for 38.9% more than they did a year ago.
Summary: The median home sold price in Spring Garden was $557,500 in November 2024, up 38.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $305K | +27.1% |
| 2 Bedrooms | $350K | $426.5K | +21.9% |
| 3 Bedrooms | $875K | $735K | -16.0% |
| 4 Bedrooms | $975K | $897.5K | -7.9% |
| 5+ Bedrooms | $1.1M | $880K | -26.5% |
Summary: Spring Garden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Garden | $401.5K | $557.5K | +38.9% |
| Fairmount | $449.5K | $482.5K | +7.3% |
| Lower North Philadelphia | $370.2K | $373.3K | +0.8% |
Housing Supply in Spring Garden, PA
How many homes are available in Spring Garden, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 33 | -19.5% |
Summary: The Spring Garden real estate market had 33 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 10 | -28.6% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Spring Garden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Garden, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Garden in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Spring Garden, PA
How long does it take to sell a home in Spring Garden, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 41 Days | +254.9% |
Summary: Homes in Spring Garden had an average of 41 days on market in Nov 2024, up by 254.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Garden are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Spring Garden; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
