Springville’s rolling three-month snapshot shows more homes available and a steady flow of contracts. Active listings are close to 200, slightly lower than a year ago, while new listings are roughly in line with last June. Closings have slowed year over year, with homes sold down compared with the same three-month period last year, and pending sales are also softer.
Pricing has eased from prior peaks but is still holding relatively firm. The typical home value over the latest three-month window is about $466,000, down compared with both this spring and the same period a year earlier, while the median list price is roughly flat year over year. Buyers are seeing a months-of-supply figure of about 3.7 months, which is higher than last year’s tighter conditions and suggests a bit more breathing room even in what is still labeled a seller’s market.
Speed and negotiation patterns paint a mixed picture. Homes are taking around 35 days to go under contract in the recent three-month period, longer than mid-2023 but similar to some late-2024 readings, and nearly one-third are still going off the market within two weeks. About 23 percent of recent sales closed above list price, and the average sale-to-list ratio is just under 100 percent, signaling that well-priced homes are still getting strong offers. Buyers and sellers who want to navigate these changing dynamics can turn to Agent Pronto to connect with a local Springville agent who understands this market.
