$3,977 Closing Credit*
$334,900
1,371 SqFt
3 Beds
•1 Full Bath
Listing Office: Integrity Realty
Is Spring Lake Park, MN 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 Park has remained a Seller's Market.
Key Takeaway
Spring Lake Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Lake Park, MN
How much do homes in Spring Lake Park, MN cost?
Median Sold Price
$304,900
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,150(+3.1%)
Key Takeaway
Homes in Spring Lake Park have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Spring Lake Park was $304,900 in October 2024, up 3.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | - | N/A |
| 2 Bedrooms | $252K | $246.2K | -2.3% |
| 3 Bedrooms | $290K | $295K | +1.7% |
| 4 Bedrooms | $325K | $334.5K | +2.9% |
| 5+ Bedrooms | $405K | $420K | +3.7% |
Summary: Spring Lake Park 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 decreased by 2.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Spring Lake Park, MN
How many homes are available in Spring Lake Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Spring Lake Park real estate market had 15 homes for sale in October 2024, a 7.1% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spring Lake Park 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 decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Spring Lake Park in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Spring Lake Park, MN
How long does it take to sell a home in Spring Lake Park, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -35.0% |
Summary: Homes in Spring Lake Park had an average of 18 days on market in Oct 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Lake Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Spring Lake Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
