$5,344 Closing Credit*
$450,000
1,456 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kyle Wilson, Listing Office: Long & Foster Real Estate, Inc.
Is Springfield 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, Springfield Township has remained a Seller's Market.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, PA
How much do homes in Springfield Township, PA cost?
Median Sold Price
$480,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,840(+6.2%)
Key Takeaway
Homes in Springfield Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $480,000 in October 2024, up 6.2% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $343K | $360K | +5.0% |
| 3 Bedrooms | $430K | $450K | +4.7% |
| 4 Bedrooms | $524.5K | $545K | +3.9% |
| 5+ Bedrooms | $757.6K | $607.5K | -19.8% |
Summary: Springfield 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 increased by 5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Fort Washington | $612.5K | $803.5K | +31.2% |
| Lafayette Hill | $540K | $652K | +20.7% |
| Whitemarsh Township | $545K | $615K | +12.8% |
| Upper Dublin Township | $540K | $599.8K | +11.1% |
| Springfield Township | $452.1K | $480K | +6.2% |
Housing Supply in Springfield Township, PA
How many homes are available in Springfield Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 103 | +10.8% |
Summary: The Springfield Township real estate market had 103 homes for sale in October 2024, a 10.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Springfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Township, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Springfield Township in October 2024, the same as the previous month. Of the 30 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Springfield Township, PA
How long does it take to sell a home in Springfield Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 14 Days | -39.1% |
Summary: Homes in Springfield Township had an average of 14 days on market in Oct 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Springfield Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.