$6,531 Closing Credit*
$550,000
2,749 SqFt
4 Beds
•3 Full Baths, 1 Partial
Adam W Flinchbaugh, Listing Office: RE/MAX Patriots
Is Spring Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$315,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+4.0%)
Key Takeaway
Homes in Spring Grove have sold for 4% more than they did a year ago.
Summary: The median home sold price in Spring Grove was $315,000 in November 2024, up 4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | - | N/A |
| 2 Bedrooms | $245K | $248.9K | +1.6% |
| 3 Bedrooms | $262.5K | $269.9K | +2.8% |
| 4 Bedrooms | $362.6K | $346.3K | -4.5% |
| 5+ Bedrooms | $390K | $439K | +12.6% |
Summary: Spring Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Jackson Township | $270K | $310K | +14.8% |
| Spring Grove | $303K | $315K | +4.0% |
| North Codorus Township | $295K | $285.5K | -3.2% |
Housing Supply in Spring Grove, PA
How many homes are available in Spring Grove, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Spring Grove real estate market had 46 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Spring Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Grove, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Spring Grove in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 14 Days | -50.5% |
Summary: Homes in Spring Grove had an average of 14 days on market in Nov 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 12 homes were sold in Spring Grove; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
