Is Spring City, PA 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, Spring City was a Seller's Market.
Housing Prices in Spring City, PA
How much do homes in Spring City, PA cost?
Median Sold Price
$414,995
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spring City was $414,995 in May 2024, down 6.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215.9K | $277.9K | +28.7% |
3 Bedrooms | $387.8K | $405K | +4.4% |
4 Bedrooms | $669K | $455K | -32.0% |
5+ Bedrooms | $916.4K | $825.5K | -9.9% |
Summary: Spring City 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 28.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
Royersford | $364.2K | $409.3K | +12.4% |
East Pikeland Township | $417.5K | $440K | +5.4% |
Upper Providence Township | $461K | $484.9K | +5.2% |
East Vincent Township | $520K | $502K | -3.5% |
Spring City | $444.7K | $414.9K | -6.7% |
Housing Supply in Spring City, PA
How many homes are available in Spring City, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The Spring City real estate market had 32 homes for sale in May 2024, a 18.5% 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 | 2 | +100.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Spring City 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 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Spring City in May 2024, down by 66.7% 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 Spring City, PA
How long does it take to sell a home in Spring City, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
104 Days | 32 Days | -68.9% |
Summary: Homes in Spring City had an average of 32 days on market in May 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Spring City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.