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 Last Month

Since last month, 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.

How much do homes in Springville, NY cost?

Median Sold Price

$175,000

$162/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

-$85,000(-32.7%)

Key Takeaway

Homes in Springville have sold for 32.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 -$175K
N/A
3 $175K-
N/A
4 $345K-
N/A
5+ --
N/A

How many homes are available in Springville, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
65-16.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 11
0.0%
5+ 22
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
21-50.0%

Asking Price vs. Sold Price

0 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 Springville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Dec 2022Jan 2023%
22 Days6 Days-73.3%

Breakdown of Home Sale Times

1 Home Was 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.

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

About Springville, NY

Springville, NY has 5 homes on the market. The number of listings in Springville, NY decreased by 16.7% between December 2022 and January 2023. While the average time on the market in January 2023 was 6 days, the median list price was $175,000. This housing market listing prices have changed between January 2022 and January 2023: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 50% less available, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. Springville, NY housing market in January 2023 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 0 sold below.