$3,787 Closing Credit*
$318,900
2,524 SqFt
4 Beds
•3 Full Baths
MELISSA CRUMLEY, Listing Office: PINELAND REALTY LLC
Is Spring Lake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$305,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,036(+3.8%)
Key Takeaway
Homes in Spring Lake have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Spring Lake was $305,000 in September 2024, up 3.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209K | $210.5K | +0.7% |
| 3 Bedrooms | $234K | $227.5K | -2.8% |
| 4 Bedrooms | $344K | $350K | +1.7% |
| 5+ Bedrooms | $387.5K | $383K | -1.2% |
Summary: Spring Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Spring Lake | $290.1K | $301.8K | +4.0% |
| Spring Lake | $293.9K | $305K | +3.8% |
| Anderson Creek Township | $314.9K | $320.3K | +1.7% |
Housing Supply in Spring Lake, NC
How many homes are available in Spring Lake, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 142 | 124 | -12.7% |
Summary: The Spring Lake real estate market had 124 homes for sale in September 2024, a 12.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 62 | 49 | -21.0% |
| 4 Bedrooms | 61 | 58 | -4.9% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Spring Lake 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 21%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 40 | 22 | -45.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Lake, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Spring Lake in September 2024, down by 45.0% month-over-month. Of the 22 sold homes, 32% were sold under asking, 45% were sold at asking, and 23% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 65 Days | 38 Days | -40.9% |
Summary: Homes in Spring Lake had an average of 38 days on market in Sep 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 22 homes were sold in Spring Lake; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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