$4,097 Closing Credit*
$345,000
2,309 SqFt
4 Beds
•2 Full Baths, 1 Partial
TEAM SAMPSON, Listing Office: EXP REALTY LLC
Is Spring Lake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$299,897
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$2,685(-0.9%)
Key Takeaway
Homes in Spring Lake have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Spring Lake was $299,897 in December 2024, down 0.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $210.5K | +5.3% |
| 3 Bedrooms | $224.5K | $220K | -2.0% |
| 4 Bedrooms | $350K | $349.8K | 0% |
| 5+ Bedrooms | $395K | $383K | -3.0% |
Summary: Spring Lake housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $163.7K | $192K | +17.3% |
| Spring Lake | $302.7K | $305K | +0.7% |
| Spring Lake | $302.5K | $299.8K | -0.9% |
Housing Supply in Spring Lake, NC
How many homes are available in Spring Lake, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 109 | 107 | -1.8% |
Summary: The Spring Lake real estate market had 107 homes for sale in December 2024, a 1.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 52 | 48 | -7.7% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Spring Lake housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Spring Lake in December 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 50 Days | +13.3% |
Summary: Homes in Spring Lake had an average of 50 days on market in Dec 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 December 2024, 16 homes were sold in Spring Lake; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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