Is Spring Park, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Spring Park was a Seller's Market.

Key Takeaway

Spring Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Spring Park, MN

How much do homes in Spring Park, MN cost?

Median Sold Price

$1,485,000

$482/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$1,139,000(+329.2%)

Key Takeaway

Homes in Spring Park have sold for 329.2% more than they did a month ago.

Summary: The median home sold price in Spring Park was $1,485,000 in October 2024, up 329.2% from last month, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $346K-
N/A
3 -$1.4M
N/A
4 --
N/A
5+ --
N/A

Summary: Spring Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Spring Park, MN

How many homes are available in Spring Park, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
58+60.0%

Summary: The Spring Park real estate market had 8 homes for sale in October 2024, a 60.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 11
0.0%
3 11
0.0%
4 13
+200.0%
5+ 01
+100.0%

Summary: The Spring 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Spring Park in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Park, MN

How long does it take to sell a home in Spring Park, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
14 Days17 Days+21.4%

Summary: Homes in Spring Park had an average of 17 days on market in Oct 2024, up by 21.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Spring Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Spring Park, MN

Nearby Markets to Spring Park, MN

What housing markets are near Spring Park, MN?