Is Spring Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spring Grove was a Seller's Market.
Key Takeaway
Spring Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spring Grove, PA
How much do homes in Spring Grove, PA cost?
Median Sold Price
$301,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spring Grove have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Spring Grove was $301,500 in March 2024, down 9.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | - | N/A |
| 2 Bedrooms | $185.2K | $245K | +32.3% |
| 3 Bedrooms | $223K | $267.5K | +20.0% |
| 4 Bedrooms | $348.9K | $358.9K | +2.9% |
| 5+ Bedrooms | $547.7K | $360K | -34.3% |
Summary: Spring Grove 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 32.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 34.3%.
Median Sold Price Compared To Nearby Cities
| North Codorus Township | $282.4K | $295K | +4.4% |
| Jackson Township | $286.5K | $270K | -5.8% |
| Spring Grove | $332.4K | $301.5K | -9.3% |
Housing Supply in Spring Grove, PA
How many homes are available in Spring Grove, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Summary: The Spring Grove real estate market had 74 homes for sale in March 2024, a 1.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 28 | 23 | -17.9% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Spring Grove 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 17.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Spring Grove in March 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Spring Grove, PA
How long does it take to sell a home in Spring Grove, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -3.0% |
Summary: Homes in Spring Grove had an average of 44 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Spring Grove; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
