$4,869 Closing Credit*
$410,000
3,413 SqFt
4 Beds
•3 Full Baths
Hans Huber, Listing Office: Keller Williams Advantage Realty
Is Spring Mills, 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 Mills was a Buyer's Market.
Key Takeaway
Spring Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Mills, PA
How much do homes in Spring Mills, PA cost?
Median Sold Price
$338,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$112,500(-24.9%)
Key Takeaway
Homes in Spring Mills have sold for 24.9% less than they did a year ago.
Summary: The median home sold price in Spring Mills was $338,500 in November 2024, down 24.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $84K | N/A |
| 2 Bedrooms | $250K | $81.2K | -67.5% |
| 3 Bedrooms | $416K | $310K | -25.5% |
| 4 Bedrooms | $463K | $594.4K | +28.4% |
| 5+ Bedrooms | $599.9K | $411K | -31.5% |
Summary: Spring Mills 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 decreased by 67.5%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 31.5%.
Housing Supply in Spring Mills, PA
How many homes are available in Spring Mills, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Spring Mills real estate market had 12 homes for sale in November 2024, a 25.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Mills 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Mills, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Spring Mills in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Spring Mills, PA
How long does it take to sell a home in Spring Mills, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 34 Days | +590.0% |
Summary: Homes in Spring Mills had an average of 34 days on market in Nov 2024, up by 590% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Mills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Spring Mills; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
