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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Run is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Spring Run has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Spring Run, PA

How much do homes in Spring Run, PA cost?

Median Sold Price

$215,000

$155/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$10,000(-4.4%)

Key Takeaway

Homes in Spring Run have sold for 4.4% less than they did a month ago.

Summary: The median home sold price in Spring Run was $215,000 in November 2024, down 4.4% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$215K
N/A
3 $225K-
N/A
4 --
N/A
5+ --
N/A

Summary: Spring Run housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fannett Township
+51.4%
Spring Run
-4.4%

Housing Supply in Spring Run, PA

How many homes are available in Spring Run, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The Spring Run real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 00
0.0%
5+ 01
+100.0%

Summary: The Spring Run 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Run, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Spring Run in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Run, PA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
77 Days50 Days-35.1%

Summary: Homes in Spring Run had an average of 50 days on market in Nov 2024, down by 35.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spring Run has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Spring Run; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Spring Run, PA

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