Is Springville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Springville, NY

How much do homes in Springville, NY cost?

Median Sold Price

$239,900

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,900(+0.8%)

Key Takeaway

Homes in Springville have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Springville was $239,900 in October 2024, up 0.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $170.5K$240K
+40.8%
3 $201K$208.2K
+3.6%
4 $320K$239.9K
-25.0%
5+ $313.5K$300K
-4.3%

Summary: Springville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

Springville
+0.8%
Concord
-18.6%

Housing Supply in Springville, NY

How many homes are available in Springville, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3128-9.7%

Summary: The Springville real estate market had 28 homes for sale in October 2024, a 9.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 98
-11.1%
4 1314
+7.7%
5+ 65
-16.7%

Summary: The Springville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springville, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Springville in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
36 Days8 Days-76.1%

Summary: Homes in Springville had an average of 8 days on market in Oct 2024, down by 76.1% compared to last year.

Breakdown of Home Sale Times

5 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 Springville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Springville; 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 6 Days Ago

Newest Listings in Springville, NY

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