Is York Springs, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing York Springs is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, York Springs has remained a Seller's Market.

Key Takeaway

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

Housing Prices in York Springs, PA

How much do homes in York Springs, PA cost?

Median Sold Price

$261,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$69,000(-20.9%)

Key Takeaway

Homes in York Springs have sold for 20.9% less than they did a year ago.

Summary: The median home sold price in York Springs was $261,000 in August 2024, down 20.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$98K
N/A
2 $178K$199K
+11.8%
3 $314K$275.5K
-12.3%
4 $370K$245.9K
-33.5%
5+ $407K$626K
+53.8%

Summary: York Springs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 33.5%, and 5+ bedroom homes increased by 53.8%.

Housing Supply in York Springs, PA

How many homes are available in York Springs, PA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
129-25.0%

Summary: The York Springs real estate market had 9 homes for sale in August 2024, a 25.0% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The York Springs housing inventory by bedroom type for August 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 decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in York Springs, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in York Springs in August 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for York Springs, PA

How long does it take to sell a home in York Springs, PA?

Average Sale Time

Aug 2023Aug 2024CHANGE
6 Days14 Days+138.9%

Summary: Homes in York Springs had an average of 14 days on market in Aug 2024, up by 138.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 3 homes were sold in York Springs; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in York Springs, PA

Nearby Markets to York Springs, PA