Is Spring Garden Township, 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, Spring Garden Township has remained a Seller's Market.
Key Takeaway
Spring Garden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Garden Township, PA
How much do homes in Spring Garden Township, PA cost?
Median Sold Price
$269,900
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spring Garden Township have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Spring Garden Township was $269,900 in March 2024, up 14.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $203K | +16.0% |
| 3 Bedrooms | $238.5K | $259K | +8.6% |
| 4 Bedrooms | $265K | $333K | +25.7% |
| 5+ Bedrooms | $492.4K | $463.2K | -5.9% |
Summary: Spring Garden Township 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 increased by 16%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| York | $175.1K | $234.6K | +33.9% |
| Spring Garden Township | $234.9K | $269.9K | +14.9% |
| West Manchester Township | $226K | $248.7K | +10.0% |
| Springettsbury Township | $255K | $263.8K | +3.5% |
Housing Supply in Spring Garden Township, PA
How many homes are available in Spring Garden Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 69 | -2.8% |
Summary: The Spring Garden Township real estate market had 69 homes for sale in March 2024, a 2.8% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Spring Garden Township 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 14.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Garden Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Spring Garden Township in March 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Spring Garden Township, PA
How long does it take to sell a home in Spring Garden Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -33.7% |
Summary: Homes in Spring Garden Township had an average of 30 days on market in Mar 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Garden Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Spring Garden Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
