$5,344 Closing Credit*
$450,000
2,228 SqFt
4 Beds
•2 Full Baths
JANICE WHEELER, Listing Office: Coldwell Banker Realty
Is Silver Spring Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Silver Spring Township has remained a Seller's Market.
Key Takeaway
Silver Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Spring Township, PA
How much do homes in Silver Spring Township, PA cost?
Median Sold Price
$405,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$17,500(-4.1%)
Key Takeaway
Homes in Silver Spring Township have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Silver Spring Township was $405,000 in September 2024, down 4.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.9K | $284.5K | -1.2% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $525K | $579.9K | +10.5% |
| 5+ Bedrooms | $800.5K | $692.5K | -13.5% |
Summary: Silver Spring Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $340.5K | $370K | +8.6% |
| Hampden Township | $358K | $370K | +3.4% |
| Middlesex Township | $334.5K | $337.5K | +0.9% |
| Silver Spring Township | $422.5K | $405K | -4.1% |
Housing Supply in Silver Spring Township, PA
How many homes are available in Silver Spring Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 101 | 89 | -11.9% |
Summary: The Silver Spring Township real estate market had 89 homes for sale in September 2024, a 11.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Silver Spring Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Spring Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Silver Spring Township in September 2024, down by 39.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.
Days on Market for Silver Spring Township, PA
How long does it take to sell a home in Silver Spring Township, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -17.2% |
Summary: Homes in Silver Spring Township had an average of 22 days on market in Sep 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Spring Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Silver Spring Township; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
