Spring Lake, MN Housing Market

The Spring Lake housing market is very competitive. The median sale price of a home in Spring Lake was $600K last month, up 11.1% since last year. The median sale price per square foot in Spring Lake is $194, up 8.4% since last year.

Trends
Demand
Schools
Climate

Spring Lake Housing Market Trends

What is the housing market like in Spring Lake today?

In October 2024, Spring Lake home prices were up 11.1% compared to last year, selling for a median price of $600K. On average, homes in Spring Lake sell after 40 days on the market compared to 24 days last year. There were 7 homes sold in October this year, down from 8 last year.

$358K

Sale Price

-40.9%
since last year

$194

Sale $/Sq. Ft.

+8.4%
since last year

Under List Price

0.8%

Days on Market

Down Payment

25.0%

Total Homes Sold

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.

Work with the best agents in Spring Lake

Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.

How hot is the Spring Lake housing market?

Spring Lake is very competitive. Homes sell in 21 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 21 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 days.

Compare With Nearby Neighborhoods

Plymouth-Wayzata

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 34 days.
Hot homes
can sell for about 1% above list price and go pending in around 13 days.

Minnetonka Mills

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 11 days.

See more nearby cities and neighborhoods

View houses in Spring Lake that sold recently

Recently sold homes

SOLD NOV 27, 2024
$358,000 Last Sold Price
4 beds
2 baths
—sq ft
14555 Lake Street Ext, Minnetonka, MN 55345
List Price
$369,900
Sale to List
3% under list
Days on Market
146 days
14555 Lake Street Ext, Minnetonka, MN 55345
SOLD OCT 21, 2024
3D WALKTHROUGH
$499,900 Last Sold Price
5 beds
3 baths
—sq ft
4261 Queens Way, Minnetonka, MN 55345
List Price
$499,900
Sale to List
0% over list
Days on Market
55 days
4261 Queens Way, Minnetonka, MN 55345
SOLD OCT 18, 2024
$735,000 Last Sold Price
5 beds
4 baths
—sq ft
4307 Annika Ct, Minnetonka, MN 55345
List Price
$735,000
Sale to List
0% over list
Days on Market
164 days
4307 Annika Ct, Minnetonka, MN 55345
SOLD OCT 18, 2024
$676,900 Last Sold Price
5 beds
5 baths
—sq ft
14268 Coronet Dr, Minnetonka, MN 55345
List Price
$674,900
Sale to List
0% over list
Days on Market
58 days
14268 Coronet Dr, Minnetonka, MN 55345
SOLD OCT 1, 2024
$400,000 Last Sold Price
3 beds
2 baths
—sq ft
14404 Wildcrest Rd, Minnetonka, MN 55345
List Price
$389,000
Sale to List
3% over list
Days on Market
40 days
14404 Wildcrest Rd, Minnetonka, MN 55345
SOLD SEP 30, 2024
$599,900 Last Sold Price
5 beds
3 baths
—sq ft
13603 Lake Street Ext, Minnetonka, MN 55345
List Price
$599,900
Sale to List
0% over list
Days on Market
61 days
13603 Lake Street Ext, Minnetonka, MN 55345
SOLD SEP 25, 2024
$470,000 Last Sold Price
—beds
—baths
—sq ft
14215 Orchard Rd, Minnetonka, MN 55345
List Price
$499,000
Sale to List
6% under list
Days on Market
42 days
14215 Orchard Rd, Minnetonka, MN 55345
SOLD SEP 4, 2024
$490,000
5 beds
3 baths
2,438 sq ft
14667 Lake Street Ext, Minnetonka, MN 55345
List Price
—
Sale to List
—
Days on Market
—
14667 Lake Street Ext, Minnetonka, MN 55345
See all recently sold homes in Spring Lake.
See listings

Schools in Spring Lake

Learn about schools in the Spring Lake area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

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.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

98% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Spring Lake

New Listings in Spring Lake

Nearby Neighborhood Housing Markets

Zip Code Housing Markets

City Housing Markets

Nearby Neighborhood Listings

Zip Code Listings

City Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.