Is Spring Garden, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spring Garden was a Buyer's Market.
Housing Prices in Spring Garden, PA
How much do homes in Spring Garden, PA cost?
Median Sold Price
$507,500
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Garden was $507,500 in April 2024, up 45% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $302K | +17.3% |
2 Bedrooms | $391.5K | $401.5K | +2.6% |
3 Bedrooms | $782.3K | $770K | -1.6% |
4 Bedrooms | $852.5K | $975K | +14.4% |
5+ Bedrooms | $1.2M | $980K | -19.3% |
Summary: Spring Garden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
Spring Garden | $350K | $507.5K | +45.0% |
Poplar | $355K | $467.5K | +31.7% |
Fairmount | $455K | $460K | +1.1% |
Lower North Philadelphia | $384.8K | $366.2K | -4.8% |
Housing Supply in Spring Garden, PA
How many homes are available in Spring Garden, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Summary: The Spring Garden real estate market had 53 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 17 | +13.3% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spring Garden housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Spring Garden in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Spring Garden, PA
How long does it take to sell a home in Spring Garden, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 36 Days | +96.7% |
Summary: Homes in Spring Garden had an average of 36 days on market in Apr 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Spring Garden; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.