Is Spring City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Spring City was a Seller's Market.
Key Takeaway
Spring City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring City, PA
How much do homes in Spring City, PA cost?
Median Sold Price
$330,000
$225/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Spring City have sold for 31.2% less than they did a month ago.
Summary: The median home sold price in Spring City was $330,000 in March 2024, down 31.2% from last month, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $287.9K | N/A |
| 3 Bedrooms | $419.9K | $350K | -16.7% |
| 4 Bedrooms | - | $285K | N/A |
| 5+ Bedrooms | $1.0M | $420K | -58.2% |
Summary: Spring City housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 58.2%.
Housing Supply in Spring City, PA
How many homes are available in Spring City, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Spring City real estate market had 36 homes for sale in March 2024, a 9.1% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Spring City 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 increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Spring City in March 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Spring City, PA
How long does it take to sell a home in Spring City, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 27 Days | -67.5% |
Summary: Homes in Spring City had an average of 27 days on market in Mar 2024, down by 67.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Spring City; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
