Is Springfield Township, 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, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, PA
How much do homes in Springfield Township, PA cost?
Median Sold Price
$440,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $440,000 in April 2024, up 9.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $255K | $362.5K | +42.2% |
3 Bedrooms | $385.5K | $435K | +12.8% |
4 Bedrooms | $495.4K | $487K | -1.7% |
5+ Bedrooms | $552.5K | $565K | +2.3% |
Summary: Springfield Township 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 42.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Loganville | $235K | $290K | +23.4% |
Springfield Township | $400.5K | $440K | +9.9% |
Jacobus | $282K | $300K | +6.4% |
York Township | $237.2K | $239.9K | +1.2% |
Seven Valleys | $342.4K | $325K | -5.1% |
Housing Supply in Springfield Township, PA
How many homes are available in Springfield Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 58 | +23.4% |
Summary: The Springfield Township real estate market had 58 homes for sale in April 2024, a 23.4% 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 | 7 | 4 | -42.9% |
3 Bedrooms | 23 | 34 | +47.8% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Springfield Township 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 42.9%, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Springfield Township in April 2024, down by 27.8% month-over-month. Of the 13 sold homes, 0% were sold under asking, 38% were sold at asking, and 62% were sold over asking.
Days on Market for Springfield Township, PA
How long does it take to sell a home in Springfield Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | -2.4% |
Summary: Homes in Springfield Township had an average of 17 days on market in Apr 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Springfield Township; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.