Is Springettsbury Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springettsbury Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Springettsbury Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Springettsbury Township, PA

How much do homes in Springettsbury Township, PA cost?

Median Sold Price

$268,450

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,550(-0.6%)

Key Takeaway

Homes in Springettsbury Township have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Springettsbury Township was $268,450 in November 2024, down 0.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $118K$100K
-15.3%
2 $205K$200K
-2.4%
3 $250K$250K
0.0%
4 $346.5K$374.9K
+8.2%
5+ $487.5K$527K
+8.1%

Summary: Springettsbury Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

East Manchester Township
+9.2%
Manchester Township
+7.7%
Springettsbury Township
-0.6%
Spring Garden Township
-3.6%
Hellam Township
-11.5%

Housing Supply in Springettsbury Township, PA

How many homes are available in Springettsbury Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7968-13.9%

Summary: The Springettsbury Township real estate market had 68 homes for sale in November 2024, a 13.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 810
+25.0%
3 3930
-23.1%
4 2624
-7.7%
5+ 54
-20.0%

Summary: The Springettsbury Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2719-29.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springettsbury Township, expect to pay close to the asking price. 52.6% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Springettsbury Township in November 2024, down by 29.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 53% were sold at asking, and 16% were sold over asking.

Days on Market for Springettsbury Township, PA

How long does it take to sell a home in Springettsbury Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days17 Days-45.8%

Summary: Homes in Springettsbury Township had an average of 17 days on market in Nov 2024, down by 45.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springettsbury Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Springettsbury Township; 84% of homes were sold within 30 days, 16% 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 20 Days Ago

Newest Listings in Springettsbury Township, PA

Nearby Markets to Springettsbury Township, PA

What housing markets are near Springettsbury Township, PA?