Is Springfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Springfield Township has remained a Seller's Market.
Key Takeaway
Springfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield Township, PA
How much do homes in Springfield Township, PA cost?
Median Sold Price
$453,333
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Springfield Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Springfield Township was $453,333 in June 2024, up 3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $370K | +29.8% |
| 3 Bedrooms | $425K | $440K | +3.5% |
| 4 Bedrooms | $517.5K | $532.5K | +2.9% |
| 5+ Bedrooms | $825K | $740K | -10.3% |
Summary: Springfield Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Coopersburg | $394.9K | $430K | +8.9% |
| Springfield Township | $440K | $453.3K | +3.0% |
| Upper Saucon Township | $542.5K | $495K | -8.8% |
| Lower Saucon Township | $502.5K | $450K | -10.4% |
Housing Supply in Springfield Township, PA
How many homes are available in Springfield Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 90 | 93 | +3.3% |
Summary: The Springfield Township real estate market had 93 homes for sale in June 2024, a 3.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 49 | 52 | +6.1% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Springfield Township 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 decreased by 16.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 28 | 37 | +32.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield Township, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Springfield Township in June 2024, up by 32.1% month-over-month. Of the 37 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for Springfield Township, PA
How long does it take to sell a home in Springfield Township, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 10 Days | 19 Days | +88.8% |
Summary: Homes in Springfield Township had an average of 19 days on market in Jun 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 37 homes were sold in Springfield Township; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
