Is Springwater, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Springwater was a Neutral Market.
Housing Prices in Springwater, NY
How much do homes in Springwater, NY cost?
Median Sold Price
$197,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Springwater was $197,500 in March 2024, down 1.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $117.5K | +56.7% |
2 Bedrooms | $175K | $175.5K | 0.3% |
3 Bedrooms | $175K | $223K | +27.4% |
4 Bedrooms | $265K | $230.3K | -13.1% |
5+ Bedrooms | $198.5K | $465K | +134.3% |
Summary: Springwater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.7%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 27.4%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 134.3%.
Median Sold Price Compared To Nearby Cities
Springwater | $200K | $197.5K | -1.3% |
Richmond | $291K | $272K | -6.5% |
Housing Supply in Springwater, NY
How many homes are available in Springwater, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Summary: The Springwater real estate market had 7 homes for sale in March 2024, a 36.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Springwater housing inventory by bedroom type for March 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 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Springwater in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Springwater, NY
How long does it take to sell a home in Springwater, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 21 Days | +93.9% |
Summary: Homes in Springwater had an average of 21 days on market in Mar 2024, up by 93.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Springwater; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.