$891 Closing Credit*
$75,000
2 Beds
•1 Full Bath
Listing Office: Vancil Brothers Realty
Is Spanish Lake, MO 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, Spanish Lake has remained a Seller's Market.
Key Takeaway
Spanish Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spanish Lake, MO
How much do homes in Spanish Lake, MO cost?
Median Sold Price
$118,250
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,750(-1.5%)
Key Takeaway
Homes in Spanish Lake have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Spanish Lake was $118,250 in October 2024, down 1.5% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.2K | - | N/A |
| 2 Bedrooms | $80K | $68.5K | -14.4% |
| 3 Bedrooms | $118.1K | $115K | -2.7% |
| 4 Bedrooms | $155K | $145K | -6.5% |
| 5+ Bedrooms | $197K | $203.9K | +3.5% |
Summary: Spanish 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 decreased by 14.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
| North City | $45.7K | $50.2K | +9.8% |
| Spanish Lake | $120K | $118.2K | -1.5% |
| North County | $128.8K | $125.4K | -2.6% |
Housing Supply in Spanish Lake, MO
How many homes are available in Spanish Lake, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Summary: The Spanish Lake real estate market had 54 homes for sale in October 2024, a 3.8% 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 | 7 | +133.3% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spanish 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 increased by 133.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 11 | -52.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Lake, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Spanish Lake in October 2024, down by 52.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Spanish Lake, MO
How long does it take to sell a home in Spanish Lake, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +71.0% |
Summary: Homes in Spanish Lake had an average of 35 days on market in Oct 2024, up by 71% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spanish Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Spanish Lake; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.