$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 November 2023
At the same time last year, Spring Lake was a Seller'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
$366,250
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,250(+18.1%)
Key Takeaway
Homes in Spring Lake have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Spring Lake was $366,250 in November 2024, up 18.1% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | - | N/A |
| 3 Bedrooms | $278.5K | $339K | +21.7% |
| 4 Bedrooms | $374.5K | $378K | +0.9% |
| 5+ Bedrooms | $308.5K | $406K | +31.6% |
Summary: Spring Lake housing prices by bedroom type for November 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 21.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Cedar Grove | $45.7K | $55.5K | +21.3% |
| Spring Lake | $310K | $366.2K | +18.1% |
| Town South | $258K | $274K | +6.2% |
| Pierremont | $392K | $328.5K | -16.2% |
Housing Supply in Spring Lake, LA
How many homes are available in Spring Lake, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Spring Lake real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spring Lake housing inventory by bedroom type for November 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 November 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
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