$5,166 Closing Credit*
$435,000
2,681 SqFt
5 Beds
•3 Full Baths
Willy Vivas, Listing Office: LPT 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 October 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
$305,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.7%)
Key Takeaway
Homes in Spring Lake have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Spring Lake was $305,000 in October 2024, up 1.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $215K | +6.4% |
| 3 Bedrooms | $234K | $227.5K | -2.8% |
| 4 Bedrooms | $348.5K | $349.9K | 0.4% |
| 5+ Bedrooms | $405.3K | $379.5K | -6.4% |
Summary: Spring 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 increased by 6.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Anderson Creek Township | $315K | $321.8K | +2.2% |
| Spring Lake | $300K | $305K | +1.7% |
| Spring Lake | $299.3K | $300.1K | 0.3% |
Housing Supply in Spring Lake, NC
How many homes are available in Spring Lake, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 114 | -3.4% |
Summary: The Spring Lake real estate market had 114 homes for sale in October 2024, a 3.4% decrease 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 | 3 | 0.0% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 56 | 47 | -16.1% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Spring 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 remained the same, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Spring Lake in October 2024, down by 20.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 47% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 62 Days | -54.5% |
Summary: Homes in Spring Lake had an average of 62 days on market in Oct 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 19 homes were sold in Spring Lake; 42% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.