Is Boiling Springs, 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, Boiling Springs has remained a Seller's Market.
Key Takeaway
Boiling Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boiling Springs, PA
How much do homes in Boiling Springs, PA cost?
Median Sold Price
$354,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boiling Springs have sold for 14% less than they did a year ago.
Summary: The median home sold price in Boiling Springs was $354,500 in May 2024, down 14% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $187.5K | +7.1% |
| 3 Bedrooms | $413.5K | $292.5K | -29.3% |
| 4 Bedrooms | $412.2K | $430K | +4.3% |
| 5+ Bedrooms | $464.5K | $490.5K | +5.6% |
Summary: Boiling Springs 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 7.1%, 3 bedroom homes decreased by 29.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $380K | $400K | +5.3% |
| Franklin Township | $264.2K | $265.5K | 0.5% |
| Carroll Township | $416.1K | $415K | -0.3% |
| South Middleton Township | $360K | $323.7K | -10.1% |
| Boiling Springs | $412K | $354.5K | -14.0% |
Housing Supply in Boiling Springs, PA
How many homes are available in Boiling Springs, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Summary: The Boiling Springs real estate market had 20 homes for sale in May 2024, a 66.7% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Boiling Springs 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 50%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boiling Springs, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Boiling Springs in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Boiling Springs, PA
How long does it take to sell a home in Boiling Springs, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 22 Days | +278.1% |
Summary: Homes in Boiling Springs had an average of 22 days on market in May 2024, up by 278.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boiling Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Boiling Springs; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
