$25,000
1.00 Acres
Land
Listing Office: HomeCoin.com
Is Spanish Lake, MO 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, Spanish Lake was a Seller's Market.
Key Takeaway
Spanish Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spanish Lake, MO
How much do homes in Spanish Lake, MO cost?
Median Sold Price
$123,583
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,583(+7.5%)
Key Takeaway
Homes in Spanish Lake have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Spanish Lake was $123,583 in November 2024, up 7.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.2K | - | N/A |
| 2 Bedrooms | $86K | $62K | -27.9% |
| 3 Bedrooms | $110K | $120K | +9.1% |
| 4 Bedrooms | $155K | $149K | -3.9% |
| 5+ Bedrooms | $185K | $203.9K | +10.2% |
Summary: Spanish 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 decreased by 27.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Neighborhoods
| North City | $45K | $53.5K | +18.9% |
| Spanish Lake | $115K | $123.5K | +7.5% |
| North County | $126.8K | $128.9K | +1.6% |
Housing Supply in Spanish Lake, MO
How many homes are available in Spanish Lake, MO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Spanish Lake real estate market had 59 homes for sale in November 2024, a 3.5% increase 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 | 7 | 11 | +57.1% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Spanish 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 increased by 57.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Lake, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Spanish Lake in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 17 Days | -52.9% |
Summary: Homes in Spanish Lake had an average of 17 days on market in Nov 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
7 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 Spanish Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Spanish Lake; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.