Springs, NY Housing Market & Real Estate

Buyer's market-17.9% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Springs, NY is $1.57M, down 17.9% year-over-year. Homes sell in an average of 50 days with 23 active listings. The market is currently a buyer's market.

$1.57Mmedian sale price

Homes sold

3

Last 12 weeks

Days on market

50

Average pace

Active listings

23

7.7 months supply

Sale-to-list

96.8%

Below asking

Springs, NY market data

Current housing market statistics for Springs, NY
MetricValue
Median sale price$1.57M
Median list price$1.80M
Year-over-year price change-17.9%
Average days on market50 days
Active inventory23 listings
Months of supply7.7 months
Sale-to-list price ratio96.8%
Market conditionBuyer's market

Source: Redfin · Updated weekly

The Springs housing market is currently classified as a buyer's market with a median sale price of $1.57M. Prices have fallen 17.9% compared to last year, with homes spending an average of 50 days on market, indicating 7.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Springs

There are currently 23 homes listed for sale in Springs, New York. The median listing price is $1.8M.

Active listings

23

Homes on market

Median list price

$1.8M

Avg. days on market

50

Days until sale

New this week

6

Newly listed

Price drops:21.7%of listings
Sale-to-list:96.8%

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Frequently asked questions

What is the average home price in Springs?

The median home sale price in Springs is $1.57M, down 17.9% from last year.

How long do homes stay on market in Springs?

Homes typically spend 50 days on market before going under contract.

Is Springs a buyer's or seller's market?

With 7.7 months of supply, Springs is currently a buyer's market.

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