Is Spring City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring City has remained a Seller's Market.
Key Takeaway
Spring City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring City, PA
How much do homes in Spring City, PA cost?
Median Sold Price
$410,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spring City have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Spring City was $410,000 in April 2024, down 7.7% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.9K | $277.9K | +28.7% |
| 3 Bedrooms | $375K | $402.5K | +7.3% |
| 4 Bedrooms | $664.5K | $455K | -31.5% |
| 5+ Bedrooms | $916.4K | $825.5K | -9.9% |
Summary: Spring City housing prices by bedroom type for April 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 7.3%, 4 bedroom homes decreased by 31.5%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Royersford | $350K | $405.8K | +16.0% |
| East Pikeland Township | $408.2K | $462.5K | +13.3% |
| Upper Providence Township | $475K | $475K | 0.0% |
| Spring City | $444.4K | $410K | -7.7% |
| East Vincent Township | $561K | $490K | -12.7% |
Housing Supply in Spring City, PA
How many homes are available in Spring City, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Spring City real estate market had 29 homes for sale in April 2024, a 11.5% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Spring City 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 decreased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Spring City in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -12.5% |
Summary: Homes in Spring City had an average of 9 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
6 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 Spring City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Spring City; 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.
