Is Spring Grove, 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 Grove was a Seller's Market.
Key Takeaway
Spring Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Grove, PA
How much do homes in Spring Grove, PA cost?
Median Sold Price
$300,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spring Grove have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Spring Grove was $300,000 in May 2024, down 9.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | - | N/A |
| 2 Bedrooms | $245K | $246.4K | +0.6% |
| 3 Bedrooms | $260K | $262.4K | +0.9% |
| 4 Bedrooms | $364.8K | $358K | -1.9% |
| 5+ Bedrooms | $593.2K | $360K | -39.3% |
Summary: Spring Grove 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 0.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
| North Codorus Township | $284.2K | $289.9K | +2.0% |
| Spring Grove | $330.9K | $300K | -9.4% |
| Jackson Township | $306.1K | $270K | -11.8% |
Housing Supply in Spring Grove, PA
How many homes are available in Spring Grove, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Spring Grove real estate market had 53 homes for sale in May 2024, a 8.2% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Spring Grove 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 remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Grove, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Spring Grove in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Spring Grove, PA
How long does it take to sell a home in Spring Grove, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 26 Days | -33.1% |
Summary: Homes in Spring Grove had an average of 26 days on market in May 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Spring Grove; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
