$10,000 Closing Credit*
$895,000
3,030 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results Inc
Is Spring Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Spring Park was a Neutral Market.
Key Takeaway
Spring Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Park, MN
How much do homes in Spring Park, MN cost?
Median Sold Price
$1,355,000
$451/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$130,000(-8.8%)
Key Takeaway
Homes in Spring Park have sold for 8.8% less than they did a month ago.
Summary: The median home sold price in Spring Park was $1,355,000 in November 2024, down 8.8% from last month, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $560K | N/A |
| 3 Bedrooms | $1.4M | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $2.1M | N/A |
Summary: Spring Park housing prices by bedroom type for November 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Spring Park real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spring Park 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Park in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 7 Days | -55.9% |
Summary: Homes in Spring Park had an average of 7 days on market in Nov 2024, down by 55.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 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.
