Is Spring Lake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Lake has remained a Seller's Market.
Housing Prices in Spring Lake, NC
How much do homes in Spring Lake, NC cost?
Median Sold Price
$305,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Lake was $305,000 in April 2024, up 5.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $201K | $209.2K | +4.1% |
3 Bedrooms | $249.9K | $220K | -12.0% |
4 Bedrooms | $334K | $350K | +4.8% |
5+ Bedrooms | $390.7K | $404K | +3.4% |
Summary: Spring Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Spring Lake | $282.3K | $305K | +8.0% |
Spring Lake | $289.9K | $305K | +5.2% |
Anderson Creek Township | $306.5K | $320.3K | +4.5% |
Housing Supply in Spring Lake, NC
How many homes are available in Spring Lake, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 149 | +13.7% |
Summary: The Spring Lake real estate market had 149 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 58 | 70 | +20.7% |
4 Bedrooms | 57 | 58 | +1.8% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Spring Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Spring Lake in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 42% were sold under asking, 35% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 31 Days | -65.5% |
Summary: Homes in Spring Lake had an average of 31 days on market in Apr 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Spring Lake; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.