Is Springville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Springville was a Neutral Market.
Key Takeaway
Springville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springville, NY
How much do homes in Springville, NY cost?
Median Sold Price
$279,260
$136/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Springville have sold for 26.9% more than they did a month ago.
Summary: The median home sold price in Springville was $279,260 in April 2024, up 26.9% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $220K | $203.5K | -7.5% |
| 4 Bedrooms | $110K | - | N/A |
| 5+ Bedrooms | $300K | $355K | +18.3% |
Summary: Springville housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Springville | $220K | $279.2K | +26.9% |
| Concord | $260K | $279.2K | +7.4% |
Housing Supply in Springville, NY
How many homes are available in Springville, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Springville real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Springville housing inventory by bedroom type for April 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 37.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Springville in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Springville, NY
How long does it take to sell a home in Springville, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 4 Days | -89.5% |
Summary: Homes in Springville had an average of 4 days on market in Apr 2024, down by 89.5% compared to last month.
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 Springville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Springville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.