Is Spring Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Hill has remained a Seller's Market.
Housing Prices in Spring Hill, MA
How much do homes in Spring Hill, MA cost?
Median Sold Price
$1,217,500
$654/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Hill was $1,217,500 in April 2024, up 21.8% from last year, and the median price per square foot was $654.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $609K | $537.5K | -11.7% |
2 Bedrooms | $810K | $845K | +4.3% |
3 Bedrooms | $1.1M | $1.4M | +20.3% |
4 Bedrooms | $1.1M | $1.5M | +43.2% |
5+ Bedrooms | $1.3M | $1.5M | +9.0% |
Summary: Spring Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
Central Hill | $757.5K | $1.1M | +50.5% |
Spring Hill | $1.0M | $1.2M | +21.8% |
Powderhouse | $1.1M | $1.2M | +13.9% |
Davis Square | $1.2M | $1.4M | +11.7% |
Porter Square | $1.3M | $882K | -35.9% |
Housing Supply in Spring Hill, MA
How many homes are available in Spring Hill, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Summary: The Spring Hill real estate market had 21 homes for sale in April 2024, a 75.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 7 | +250.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Spring Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Spring Hill in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Spring Hill, MA
How long does it take to sell a home in Spring Hill, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -12.5% |
Summary: Homes in Spring Hill had an average of 21 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Spring Hill; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.