Is Springville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Springville was a Buyer's Market.
Housing Prices in Springville, NY
How much do homes in Springville, NY cost?
Median Sold Price
$237,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springville was $237,500 in May 2024, up 21.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $163.5K | $201K | +22.9% |
3 Bedrooms | $187.5K | $202K | +7.7% |
4 Bedrooms | $319.5K | $273.7K | -14.3% |
5+ Bedrooms | $220K | $299K | +35.9% |
Summary: Springville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
Springville | $195K | $237.5K | +21.8% |
Concord | $225.5K | $267.5K | +18.6% |
Housing Supply in Springville, NY
How many homes are available in Springville, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Summary: The Springville real estate market had 22 homes for sale in May 2024, a 15.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Springville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Springville in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Springville, NY
How long does it take to sell a home in Springville, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 17 Days | -62.6% |
Summary: Homes in Springville had an average of 17 days on market in May 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Springville; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.