Is Spring 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 Township has remained a Seller's Market.
Housing Prices in Spring Township, PA
How much do homes in Spring Township, PA cost?
Median Sold Price
$295,000
$165/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Spring Township was $295,000 in March 2024, the same as last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.9K | $144K | +8.4% |
2 Bedrooms | $215K | $229.7K | +6.9% |
3 Bedrooms | $260.6K | $275K | +5.5% |
4 Bedrooms | $350K | $365K | +4.3% |
5+ Bedrooms | $440K | $410K | -6.8% |
Summary: Spring Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
Sinking Spring | $235K | $296K | +26.0% |
Wyomissing | $285K | $335K | +17.5% |
Lower Heidelberg Township | $534.2K | $540.5K | +1.2% |
Spring Township | $295K | $295K | 0.0% |
South Heidelberg Township | $352.5K | $341K | -3.3% |
Housing Supply in Spring Township, PA
How many homes are available in Spring Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 69 | -15.9% |
Summary: The Spring Township real estate market had 69 homes for sale in March 2024, a 15.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 41 | 32 | -22.0% |
4 Bedrooms | 22 | 19 | -13.6% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Spring 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 33.3%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Spring Township in March 2024, up by 10.5% month-over-month. Of the 21 sold homes, 10% were sold under asking, 38% were sold at asking, and 52% were sold over asking.
Days on Market for Spring Township, PA
How long does it take to sell a home in Spring Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 13 Days | -5.2% |
Summary: Homes in Spring Township had an average of 13 days on market in Mar 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Spring Township; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.