$4,655 Closing Credit*
$392,000
2,926 SqFt
4 Beds
•2 Full Baths, 1 Partial
Linda Lowe, Listing Office: RE/MAX Centre Realty
Is Spring Township, 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 Township has remained a Seller's Market.
Key Takeaway
Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Township, PA
How much do homes in Spring Township, PA cost?
Median Sold Price
$314,900
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,405(+2.7%)
Key Takeaway
Homes in Spring Township have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Spring Township was $314,900 in October 2024, up 2.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.5K | $200K | -21.4% |
| 3 Bedrooms | $270K | $310K | +14.8% |
| 4 Bedrooms | $380K | $410K | +7.9% |
| 5+ Bedrooms | $480.4K | $467.4K | -2.7% |
Summary: Spring 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 decreased by 21.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Walker Township | $343.5K | $358.7K | +4.4% |
| Bellefonte | $299.9K | $309K | +3.0% |
| Spring Township | $306.4K | $314.9K | +2.7% |
Housing Supply in Spring Township, PA
How many homes are available in Spring Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Spring Township real estate market had 39 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spring Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Spring Township in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Spring Township, PA
How long does it take to sell a home in Spring Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 142 Days | +248.4% |
Summary: Homes in Spring Township had an average of 142 days on market in Oct 2024, up by 248.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Spring Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
