Is Spring Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Spring Township has remained a Seller's Market.
Housing Prices in Spring Township, PA
How much do homes in Spring Township, PA cost?
Median Sold Price
$299,862
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spring Township was $299,862 in May 2024, up 1.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131.4K | $152K | +15.6% |
2 Bedrooms | $215K | $232K | +7.9% |
3 Bedrooms | $264.5K | $280K | +5.9% |
4 Bedrooms | $346K | $372.5K | +7.7% |
5+ Bedrooms | $400K | $427.4K | +6.9% |
Summary: Spring Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Wyomissing | $282.5K | $330K | +16.8% |
Sinking Spring | $255K | $294.9K | +15.6% |
South Heidelberg Township | $325.1K | $355K | +9.2% |
Lower Heidelberg Township | $535K | $549.9K | +2.8% |
Spring Township | $295K | $299.8K | +1.6% |
Housing Supply in Spring Township, PA
How many homes are available in Spring Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 72 | +10.8% |
Summary: The Spring Township real estate market had 72 homes for sale in May 2024, a 10.8% increase 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 | 11 | 8 | -27.3% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Spring Township 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 27.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Spring Township in May 2024, up by 23.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 29% were sold at asking, and 48% were sold over asking.
Days on Market for Spring Township, PA
How long does it take to sell a home in Spring Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 8 Days | -15.0% |
Summary: Homes in Spring Township had an average of 8 days on market in May 2024, down by 15% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Spring Township; 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.