Is Springfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
Key Takeaway
Homes in Springfield Township have sold for 16.9% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $179.9K | - | N/A |
| 2 Bedrooms | $415K | $857.5K | +106.6% |
| 3 Bedrooms | $525K | $405K | -22.9% |
| 4 Bedrooms | $615K | $435K | -29.3% |
| 5+ Bedrooms | $709.9K | $609K | -14.2% |
Median Sold Price Compared To Nearby Cities
| Upper Saucon Township | $415K | $451.7K | +8.9% |
| Lower Saucon Township | $403K | $438.5K | +8.8% |
| Springfield Township | $560K | $465.2K | -16.9% |
How many homes are available in Springfield Township, PA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 24 | 19 | -20.8% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 3 | 2 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 4 Days | 10 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
Key Takeaway
Many homes in Springfield Township are selling fast, if you're buying plan to act quickly.
