$4,144 Closing Credit*
$349,000
2,159 SqFt
3 Beds
•2 Full Baths
Nick McElhatten, Listing Office: Pelican Realty Advisors
Is Spring Lake, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Spring Lake has remained a Buyer's Market.
Key Takeaway
Spring Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spring Lake, LA
How much do homes in Spring Lake, LA cost?
Median Sold Price
$371,250
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,250(+12.8%)
Key Takeaway
Homes in Spring Lake have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Spring Lake was $371,250 in October 2024, up 12.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $205K | N/A |
| 3 Bedrooms | $278.5K | $349.4K | +25.5% |
| 4 Bedrooms | $360K | $389K | +8.1% |
| 5+ Bedrooms | $308.5K | $406K | +31.6% |
Summary: Spring Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Lake | $329K | $371.2K | +12.8% |
| Cedar Grove | $46.5K | $48K | +3.2% |
Housing Supply in Spring Lake, LA
How many homes are available in Spring Lake, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Spring Lake real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spring Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Spring Lake in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Spring Lake, LA
We’re sorry, we don't have information for this market at the moment
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.