$4,507 Closing Credit*
$379,500
2,796 SqFt
4 Beds
•2 Full Baths
DAVID SATTELMEYER, Listing Office: CENTURY 21 The Realty Group
Is Spring Lake, NC 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, Spring Lake was a Seller's Market.
Key Takeaway
Spring Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Lake, NC
How much do homes in Spring Lake, NC cost?
Median Sold Price
$299,994
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,505(-0.8%)
Key Takeaway
Homes in Spring Lake have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Spring Lake was $299,994 in November 2024, down 0.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $215K | +36.9% |
| 3 Bedrooms | $221K | $219.9K | -0.5% |
| 4 Bedrooms | $349.9K | $349.9K | 0.0% |
| 5+ Bedrooms | $401.5K | $380K | -5.4% |
Summary: Spring 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 increased by 36.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $162K | $195K | +20.4% |
| Spring Lake | $302.6K | $304.9K | +0.7% |
| Spring Lake | $302.5K | $299.9K | -0.8% |
Housing Supply in Spring Lake, NC
How many homes are available in Spring Lake, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 117 | +7.3% |
Summary: The Spring Lake real estate market had 117 homes for sale in November 2024, a 7.3% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 48 | 51 | +6.3% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Spring 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 66.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Spring Lake in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 35% were sold at asking, and 6% were sold over asking.
Days on Market for Spring Lake, NC
How long does it take to sell a home in Spring Lake, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 65 Days | -8.7% |
Summary: Homes in Spring Lake had an average of 65 days on market in Nov 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Spring Lake; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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