$3,443 Closing Credit*
$289,900
1,331 SqFt
3 Beds
•1 Full Bath, 1 Partial
Dru Rineman, Listing Office: RE/MAX Quality Service, Inc.
Is Spring Grove, 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 Grove has remained a Seller's Market.
Key Takeaway
Spring Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Grove, PA
How much do homes in Spring Grove, PA cost?
Median Sold Price
$319,950
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,950(+5.6%)
Key Takeaway
Homes in Spring Grove have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Spring Grove was $319,950 in October 2024, up 5.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | - | N/A |
| 2 Bedrooms | $245K | $236.4K | -3.5% |
| 3 Bedrooms | $267.4K | $269.9K | +0.9% |
| 4 Bedrooms | $368K | $350K | -4.9% |
| 5+ Bedrooms | $390K | $439K | +12.6% |
Summary: Spring Grove 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 decreased by 3.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Spring Grove | $303K | $319.9K | +5.6% |
| Jackson Township | $284.2K | $283K | -0.4% |
| North Codorus Township | $295K | $286K | -3.1% |
Housing Supply in Spring Grove, PA
How many homes are available in Spring Grove, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -4.3% |
Summary: The Spring Grove real estate market had 44 homes for sale in October 2024, a 4.3% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Spring Grove 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 42.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Grove, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Spring Grove in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Spring Grove, PA
How long does it take to sell a home in Spring Grove, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -4.3% |
Summary: Homes in Spring Grove had an average of 22 days on market in Oct 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
9 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 Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Spring Grove; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
