Is Spring Garden Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Spring Garden Township has remained a Seller's Market.
Key Takeaway
Spring Garden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Garden Township, PA
How much do homes in Spring Garden Township, PA cost?
Median Sold Price
$272,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spring Garden Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Spring Garden Township was $272,000 in May 2024, up 8.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $208.5K | +19.1% |
| 3 Bedrooms | $245K | $262.4K | +7.1% |
| 4 Bedrooms | $311.5K | $353.2K | +13.4% |
| 5+ Bedrooms | $512.5K | $470K | -8.3% |
Summary: Spring Garden Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| York | $209.6K | $235K | +12.1% |
| Spring Garden Township | $250K | $272K | +8.8% |
| West Manchester Township | $230K | $250.2K | +8.8% |
| Springettsbury Township | $254.2K | $265.7K | +4.5% |
| North York | $162.5K | $148.2K | -8.8% |
Housing Supply in Spring Garden Township, PA
How many homes are available in Spring Garden Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Spring Garden Township real estate market had 41 homes for sale in May 2024, a 4.7% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Spring Garden Township 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 increased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Garden Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Spring Garden Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Spring Garden Township, PA
How long does it take to sell a home in Spring Garden Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 19 Days | +118.1% |
Summary: Homes in Spring Garden Township had an average of 19 days on market in May 2024, up by 118.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Garden Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Spring Garden Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
