Is Sinking Spring, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sinking Spring has remained a Seller's Market.
Housing Prices in Sinking Spring, PA
How much do homes in Sinking Spring, PA cost?
Median Sold Price
$296,050
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sinking Spring was $296,050 in March 2024, up 26% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $215K | N/A |
3 Bedrooms | $225K | $291.7K | +29.6% |
4 Bedrooms | $479.5K | $511K | +6.6% |
5+ Bedrooms | $153K | $405K | +164.7% |
Summary: Sinking Spring housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 164.7%.
Median Sold Price Compared To Nearby Cities
Sinking Spring | $235K | $296K | +26.0% |
Lower Heidelberg Township | $534.2K | $540.5K | +1.2% |
Spring Township | $295K | $295K | 0.0% |
South Heidelberg Township | $352.5K | $341K | -3.3% |
Housing Supply in Sinking Spring, PA
How many homes are available in Sinking Spring, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Summary: The Sinking Spring real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sinking Spring 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sinking Spring in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Sinking Spring, PA
How long does it take to sell a home in Sinking Spring, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 22 Days | +266.7% |
Summary: Homes in Sinking Spring had an average of 22 days on market in Mar 2024, up by 266.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Sinking Spring; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.