Is Spring Garden Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Garden Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Spring Garden Township has remained a Seller's Market.

Key Takeaway

Spring Garden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Spring Garden Township, PA

How much do homes in Spring Garden Township, PA cost?

Median Sold Price

$269,900

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,100(-1.9%)

Key Takeaway

Homes in Spring Garden Township have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Spring Garden Township was $269,900 in October 2024, down 1.9% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $189.9K$215K
+13.2%
3 $255.5K$264.9K
+3.7%
4 $336.7K$316K
-6.2%
5+ $472.5K$525K
+11.1%

Summary: Spring Garden Township 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 13.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

West Manchester Township
+4.3%
Springettsbury Township
+1.1%
York
0.1%
North York
0.0%
Spring Garden Township
-1.9%

Housing Supply in Spring Garden Township, PA

How many homes are available in Spring Garden Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6659-10.6%

Summary: The Spring Garden Township real estate market had 59 homes for sale in October 2024, a 10.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 3024
-20.0%
4 1416
+14.3%
5+ 109
-10.0%

Summary: The Spring Garden Township 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 decreased by 18.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Garden Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Spring Garden Township in October 2024, down by 40.9% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Spring Garden Township, PA

How long does it take to sell a home in Spring Garden Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days32 Days+64.7%

Summary: Homes in Spring Garden Township had an average of 32 days on market in Oct 2024, up by 64.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Garden Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Spring Garden Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Spring Garden Township, PA

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