Spring Lake
Spring Lake

Spring Lake Housing Market Report

Strong Seller's Market

All types - for the month of March

Buyer's market Seller's market

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

4

New

2(-33.33% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 6, in 2023: -, in 2022: -

Total Sold Listings*

-

Median Sold Price

-

Avg Days on Market

- days

Median Bidding

-

Compared to number of sold, same period, in 2024: 0, in 2023: -, in 2022: -

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Spring Lake - All types

Sold vs Active vs New vs Relisted - Spring Lake - All types

Sold Price Distribution - Spring Lake - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Spring Lake - All types

Property type distribution based on data from the last 3 months.

Median Price - Spring Lake - All types

Population and Demographics

Overview

Total population 519
Average household income $151,260

Age (%)

50 to 64
26%
0 to 19
25%
35 to 49
24%
65 and plus
15%
20 to 34
10%

Household composition (%)

Single family
74%
Single person
24%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
94%
German
3%
Others
1%
French
1%

House tenancy (%)

Owners
88%
Renters
12%