Is Springettsbury 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, Springettsbury Township has remained a Seller's Market.
Key Takeaway
Springettsbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springettsbury Township, PA
How much do homes in Springettsbury Township, PA cost?
Median Sold Price
$263,875
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Springettsbury Township have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Springettsbury Township was $263,875 in March 2024, up 3.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $118K | +7.3% |
| 2 Bedrooms | $205K | $205K | 0.0% |
| 3 Bedrooms | $235K | $246K | +4.7% |
| 4 Bedrooms | $299.5K | $350K | +16.9% |
| 5+ Bedrooms | $433.1K | $500K | +15.4% |
Summary: Springettsbury Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Spring Garden Township | $234.9K | $269.9K | +14.9% |
| Springettsbury Township | $255K | $263.8K | +3.5% |
| East Manchester Township | $298.7K | $289.9K | -2.9% |
| Manchester Township | $270K | $260.6K | -3.5% |
Housing Supply in Springettsbury Township, PA
How many homes are available in Springettsbury Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 103 | +15.7% |
Summary: The Springettsbury Township real estate market had 103 homes for sale in March 2024, a 15.7% increase 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 46 | 56 | +21.7% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Springettsbury 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 remained the same, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springettsbury Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Springettsbury Township in March 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 44% were sold at asking, and 28% were sold over asking.
Days on Market for Springettsbury Township, PA
How long does it take to sell a home in Springettsbury Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +14.6% |
Summary: Homes in Springettsbury Township had an average of 20 days on market in Mar 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springettsbury Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Springettsbury Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
