$7,719 Closing Credit*
$650,000
1,472 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael Rosania, Listing Office: Compass Pennsylvania, LLC
Is Spruce Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Spruce Hill was a Neutral Market.
Key Takeaway
Spruce Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spruce Hill, PA
How much do homes in Spruce Hill, PA cost?
Median Sold Price
$637,450
$271/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$56,550(-8.1%)
Key Takeaway
Homes in Spruce Hill have sold for 8.1% less than they did a month ago.
Summary: The median home sold price in Spruce Hill was $637,450 in November 2024, down 8.1% from last month, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $239.9K | $399.9K | +66.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $787K | $875K | +11.2% |
Summary: Spruce Hill 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 increased by 66.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Spruce Hill, PA
How many homes are available in Spruce Hill, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Spruce Hill real estate market had 16 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Spruce Hill 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spruce Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Spruce Hill in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Spruce Hill, PA
How long does it take to sell a home in Spruce Hill, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 7 Days | -89.9% |
Summary: Homes in Spruce Hill had an average of 7 days on market in Nov 2024, down by 89.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spruce Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Spruce Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
