$4,988 Closing Credit*
$420,000
1,315 SqFt
1 Bed
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Spring Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Spring Park was a Seller's Market.
Key Takeaway
Spring Park 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 Park, MN
How much do homes in Spring Park, MN cost?
Median Sold Price
$508,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,000(+2.6%)
Key Takeaway
Homes in Spring Park have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Spring Park was $508,000 in September 2024, up 2.6% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $293K | $305K | +4.1% |
| 2 Bedrooms | $525K | $480K | -8.6% |
| 3 Bedrooms | $982.5K | $925K | -5.9% |
| 4 Bedrooms | $381.5K | $1.1M | +188.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Spring Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 188.3%, and 5+ bedroom homes did not change.
Housing Supply in Spring Park, MN
How many homes are available in Spring Park, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Spring Park real estate market had 6 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spring Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Spring Park in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Spring Park, MN
How long does it take to sell a home in Spring Park, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 8 Days | 14 Days | +75.0% |
Summary: Homes in Spring Park had an average of 14 days on market in Sep 2024, up by 75% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Spring Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
