The Spring Lake housing market is very competitive. The median sale price of a home in Spring Lake was $632K last month, up 60.1% since last year. The median sale price per square foot in Spring Lake is $234, down 1.3% since last year.
What is the housing market like in Spring Lake today?
In April 2024, Spring Lake home prices were up 60.1% compared to last year, selling for a median price of $632K. On average, homes in Spring Lake sell after 21 days on the market compared to 62 days last year. There were 6 homes sold in April this year, up from 5 last year.
$675K
Sale Price
+23.2% since last year
$234
Sale $/Sq. Ft.
-1.3% since last year
Over List Price
0.5%
Days on Market
21
Down Payment
25.0%
Total Homes Sold
3
To compare other locations to the Spring Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnetonka add value to a home.
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How hot is the Spring Lake housing market?
Spring Lake is very competitive. Homes sell in 21 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 21 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Spring Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Spring Lake.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spring Lake has a minor risk of flooding. 14 properties in Spring Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Spring Lake. Flood risk is increasing faster than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spring Lake has a minor risk of wildfire. There are 75 properties in Spring Lake that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Spring Lake.
Spring Lake has minimal risk of severe winds over the next 30 years
Wind Factor
Spring Lake has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.