Is Springwater, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Springwater was a Buyer's Market.
Key Takeaway
Springwater is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Springwater, NY
How much do homes in Springwater, NY cost?
Median Sold Price
$199,950
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Springwater have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Springwater was $199,950 in May 2024, down 5.9% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $117.5K | +56.7% |
| 2 Bedrooms | $183K | $162.5K | -11.2% |
| 3 Bedrooms | $175K | $210K | +20.0% |
| 4 Bedrooms | $269.8K | $186K | -31.1% |
| 5+ Bedrooms | $198.5K | $465K | +134.3% |
Summary: Springwater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.7%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes increased by 134.3%.
Median Sold Price Compared To Nearby Cities
| Richmond | $290K | $300K | +3.4% |
| Springwater | $212.5K | $199.9K | -5.9% |
Housing Supply in Springwater, NY
How many homes are available in Springwater, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Springwater real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Springwater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springwater, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Springwater in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Springwater, NY
How long does it take to sell a home in Springwater, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 1 Day | 35 Days | +3400.0% |
Summary: Homes in Springwater had an average of 35 days on market in May 2024, up by 3400% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springwater has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Springwater; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
