Is Springfield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springfield Township is a buyer's market

Buyer's
Market

Difference Since December 2021

Since last year, Springfield Township has remained a Buyer's Market.

Key Takeaway

Springfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Springfield Township, PA cost?

Median Sold Price

$465,250

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

-$94,750(-16.9%)

Key Takeaway

Homes in Springfield Township have sold for 16.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $179.9K-
N/A
2 $415K$857.5K
+106.6%
3 $525K$405K
-22.9%
4 $615K$435K
-29.3%
5+ $709.9K$609K
-14.2%

Median Sold Price Compared To Nearby Cities

Upper Saucon Township
+8.9%
Lower Saucon Township
+8.8%
Springfield Township
-16.9%

How many homes are available in Springfield Township, PA?

Number of Homes For Sale

Nov 2022Dec 2022%
2419-20.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 86
-25.0%
4 1110
-9.1%
5+ 53
-40.0%

Number of Homes Sold

Nov 2022Dec 2022%
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
4 Days10 Days+133.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Springfield Township, PA

There are 19 homes are for sale in Springfield Township, PA real estate market. The inventory of homes for sale in Springfield Township, PA between November 2022 and December 2022 decreased by 20.8%. In December 2022 median list price was $465,250 and the average listing age was 10 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 106.6%, 3 bedrooms properties prices decreased by 22.9%, prices of 4 bedrooms properties decreased by 29.3%, the cost of 5 bedrooms properties went down by 14.2%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 25%, number of 4 bedrooms homes decreased by 9.1%, 5 bedrooms homes became 40% less available. Over 0 listings were sold over their listed price in December 2022 in Springfield Township, PA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

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