The Spring Lake housing market is very competitive. The median sale price of a home in Spring Lake was $406K last month, up 2.1% since last year. The median sale price per square foot in Spring Lake is $231, down 7.2% since last year.
What is the housing market like in Spring Lake today?
In October 2024, Spring Lake home prices were up 2.1% compared to last year, selling for a median price of $406K. On average, homes in Spring Lake sell after 18 days on the market compared to 13 days last year. There were 37 homes sold in October this year, up from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$406,000
+2.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Spring Lake, RI
$406,000
+2.1%
United States
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 Coventry 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 26.5 days.
0
100
80
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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 27 days.
Hot homes
can sell for about 5% above list price and go pending in around 13 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.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spring Lake has a minor risk of flooding. 158 properties in Spring Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Spring Lake. Flood risk is increasing slower than the national average.
57% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spring Lake has a moderate risk of wildfire. There are 1,335 properties in Spring Lake that have some risk of being affected by wildfire over the next 30 years. This represents 57% of all properties in Spring Lake.
57% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Spring Lake has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Spring Lake is most at risk from hurricanes. 1,351 properties in Spring Lake have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 111 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 120 mph.