Is Spring Run, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spring Run has remained a Seller's Market.
Key Takeaway
Spring Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Run, PA
How much do homes in Spring Run, PA cost?
Median Sold Price
$265,000
$91/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Spring Run have sold for 4.1% more than they did a month ago.
Summary: The median home sold price in Spring Run was $265,000 in June 2024, up 4.1% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $180K | N/A |
| 3 Bedrooms | $254.5K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $350K | N/A |
Summary: Spring Run housing prices by bedroom type for June 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lurgan Township | $230.2K | $435K | +88.9% |
| Spring Run | $254.5K | $265K | +4.1% |
| Fannett Township | $231.7K | $220K | -5.1% |
Housing Supply in Spring Run, PA
How many homes are available in Spring Run, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Spring Run real estate market had 6 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spring Run housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 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
Key Takeaway
If you're buying a home in Spring Run, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Run in June 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 Spring Run, PA
How long does it take to sell a home in Spring Run, PA?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 96 Days | +407.9% |
Summary: Homes in Spring Run had an average of 96 days on market in Jun 2024, up by 407.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spring Run has remained consistent over time.
Summary: During June 2024, 2 homes were sold in Spring Run; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
