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Multi-family Foreclosures in Spring Park, MN

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Spring Park, MN Foreclosures

Current Market Conditions in in Spring Park, MN As of January 2026?
Over the past month, the Spring Park real estate market has continued to show resilience, although the pace of home sales has slightly decreased due to a rise in interest rates. Buyers are now more cautious, leading to a minor slowdown in new listings and a stabilization of home prices. Sellers are being encouraged to price their homes more competitively, benefiting buyers who can secure favorable terms. Despite these changes, the demand remains strong, especially for homes situated near the lakes, which are still attracting considerable attention.
How much do homes sell for in Spring Park, MN?
The average home price is currently $820,339.
In Spring Park, MN, how many homes are available?
There are currently 1 active home listings available in Spring Park.
What’s the average rental cost in Spring Park, MN?
The average rental price in Spring Park is $2,159.
What is the most expensive home in Spring Park?
The most expensive home sold in Spring Park had a price of $13,510,271.
What is currently the cheapest priced home in Spring Park, MN?
The cheapest home for sale in Spring Park is priced at $82,853.

Living in Spring Park, MN

Spring Park, MN, combines small-town charm with a waterfront lifestyle on Lake Minnetonka. The city is perfect for outdoor enthusiasts and families, offering excellent schools, local events, and diverse amenities. A vibrant community atmosphere enhances the appealing lifestyle in this picturesque area.

Buyer vs Seller Market in Spring Park, MN

The real estate market in Spring Park remains competitive, with an increase in home values driven by the area's desirability and limited inventory. Homes in Spring Park are being sold quickly, reflecting a consistent demand for residential properties in the vicinity of Lake Minnetonka.

In recent months, we have seen a growing interest in single-family homes, as more people are looking to move to suburban areas. The availability of recreational opportunities and highly-rated schools is a significant factor contributing to this trend.

Home Value Estimator For Spring Park, MN

There are currently 472 real estate properties in Spring Park, MN, with a median automated valuation model (AVM) price of $649,974.00. 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 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 Park, MN, is $820,339.00, with the most expensive house in Spring Park, MN, topping out at $13,510,271.00 and the cheapest home in Spring Park, MN, clocking in at $82,853.00. In other words, there’s something for every potential homebuyer or savvy investor in Spring Park, MN!

Rent Prices In Spring Park, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spring Park, MN, is on a rollercoaster ride. The average rent price in Spring Park, MN, is $2,159.00. Indeed, when looking to rent in Spring Park, MN, you can expect to pay as little as $900.00 or as much as $4,180.00, with the average rent median estimated to be $2,000.00. The good news is that finding an affordable and desirable property to rent in Spring 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.

Spring Park, MN Multi-family Homes

Market Trend for Spring Park, MN

Total Listings Available: 1

Market Values:

Home Prices from $82,853 to $13,510,271

Average Sales Price: $820,339

Rental Values:

Rental from $900 to $4,180

Average Rent Value: $2,159 / month

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