Spring Lake Park, MN Foreclosures
How much do homes sell for in Spring Lake Park, MN?
The average home price is currently $429,667.
In Spring Lake Park, MN, how many homes are available?
There are currently 12 active home listings available in Spring Lake Park.
What’s the average rental cost in Spring Lake Park, MN?
The average rental price in Spring Lake Park is $1,474.
What is the most expensive home in Spring Lake Park?
The most expensive home sold in Spring Lake Park had a price of $9,646,758.
What is currently the cheapest priced home in Spring Lake Park, MN?
The cheapest home for sale in Spring Lake Park is priced at $38,600.
Living in Spring Lake Park, MN
Spring Lake Park, MN, offers a friendly suburban lifestyle with excellent schools and abundant recreational opportunities. This community features beautiful parks, a strong sense of belonging, and great access to the vibrant Minneapolis area. It's perfect for families seeking a balanced environment with educational and outdoor opportunities.
Current Market Conditions in Spring Lake Park, MN
Currently, the Spring Lake Park real estate market is competitive, with a steady demand for homes due to the area's desirable location and amenities. As families and young professionals look to settle in the suburbs while maintaining proximity to the cities, home prices have shown a steady upward trend, albeit with slight fluctuations.
Market activity has increased, with buyers actively searching for homes within the suburbs, leading to a robust demand that sometimes exceeds available inventory. The desirable schools and community features have made Spring Lake Park a sought-after location, contributing to a fast-paced real estate market.
Home Value Estimator For Spring Lake Park, MN
There are currently 695 real estate properties
in Spring Lake Park, MN,
with a median automated valuation model (AVM) price
of $301,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spring Lake Park, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Spring Lake Park, MN,
is $429,667.00, with the most expensive house
in Spring Lake Park, MN, topping out
at $9,646,758.00 and the cheapest home
in Spring Lake Park, MN,
clocking in at $38,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spring Lake Park, MN!
Rent Prices
In Spring Lake Park, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spring Lake Park, MN, is on
a rollercoaster ride. The
average rent price in Spring Lake Park, MN,
is $1,474.00. Indeed, when looking to rent in
Spring Lake Park, MN, you can expect to pay as little
as $760.00 or as much
as $2,760.00,
with the average rent median estimated to
be $1,450.00. The good news is that finding
an affordable and desirable property to rent in Spring Lake Park, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
