$4,394 Closing Credit*
$370,000
3,096 SqFt
4 Beds
•3 Full Baths
SANTINA EPPS-THOMAS, Listing Office: THE REAL ESTATE CONCIERGE
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
Since last year, Spring Lake has remained a Seller's Market.
Key Takeaway
Spring Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Lake, NC
How much do homes in Spring Lake, NC cost?
Median Sold Price
$304,916
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,250(+0.7%)
Key Takeaway
Homes in Spring Lake have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Spring Lake was $304,916 in November 2024, up 0.7% 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 | $237.9K | $227K | -4.6% |
| 4 Bedrooms | $349.9K | $349.9K | 0.0% |
| 5+ Bedrooms | $401.5K | $380.5K | -5.2% |
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 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Spring Lake | $302.6K | $304.9K | +0.7% |
| Anderson Creek Township | $319.9K | $322K | +0.6% |
| 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 |
|---|---|---|
| 116 | 124 | +6.9% |
Summary: The Spring Lake real estate market had 124 homes for sale in November 2024, a 6.9% 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 | 49 | 52 | +6.1% |
| 4 Bedrooms | 47 | 50 | +6.4% |
| 5+ Bedrooms | 17 | 17 | 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 6.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Spring Lake in November 2024, up by 5.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% 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 |
|---|---|---|
| 65 Days | 56 Days | -13.8% |
Summary: Homes in Spring Lake had an average of 56 days on market in Nov 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 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, 21 homes were sold in Spring Lake; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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