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Featured local agent — Spring Lake, MI
Sarah Mitchell
Compass Real Estate · Spring Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$440,000median sale price
How is the Spring Lake, MI housing market right now?
The median home sale price in Spring Lake, MI is $440,000, up 30.4% year-over-year. Homes sell in an average of 24 days with 21 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spring Lake a buyer's or seller's market?
Spring Lake, MI is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 24 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
24
Average pace
Active listings
21
4.2 months supply
Sale-to-list
94.1%
Below asking
What does the Spring Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $440,000 |
| Median list price | $421,900 |
| Year-over-year price change | +30.4% |
| Average days on market | 24 days |
| Active inventory | 21 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 94.1% |
| Median price per sq ft | $337/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 12 |
| Listings with a price cut | 42.9% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Spring Lake by property type?
How the Spring Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $328,000 | $199/sq ft | 1 | 79 days |
| Condo / Co-op | $440,000 | $337/sq ft | 5 | 24 days |
Source: Redfin · Updated monthly
The Spring Lake housing market is currently classified as a leaning buyer's with a median sale price of $440,000. Prices have risen 30.4% compared to last year, with homes spending an average of 24 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.8x provides context for how home values compare to local earning capacity.
Homes for sale in Spring Lake
There are currently 21 homes listed for sale in Spring Lake, Michigan. The median listing price is $422K.
Active listings
21
Homes on market
Median list price
$422K
Avg. days on market
24
Days until sale
New this week
12
Newly listed
Who lives in Spring Lake?
Population
2,530
Median income
$75,000/yr
Median age
56.5 years
Owner-occupied
88.1%
College grads
42.2%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Spring Lake?
Zillow home value
$434,683
Zillow rent index
$1,808/mo
Price-to-rent ratio
20.0x
Price-to-income
5.8x
Source: Zillow Research
What is it like to live in Spring Lake?
Spring Lake is a community of approximately 3K residents with a median age of 56.5 years.The median household income is $75,000, which represents a working-class community with solid middle-income opportunities. 42.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spring Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spring Lake?
9 schools tracked · 3,228 students
The largest public schools serving Spring Lake, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Spring Lake High School
Grades 9-12 · 793 students
West MI Academy of Arts and Academics
Grades K-8 · 423 students
Holmes Elementary School
Grades PK-4 · 420 students
Jeffers Elementary School
Grades PK-4 · 368 students
Spring Lake Middle School
Grades 7-8 · 366 students
Spring Lake Intermediate School
Grades 5-9 · 331 students
Lake Hills Elementary School
Grades PK-4 · 275 students
Walden Green Montessori
Grades K-8 · 237 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spring Lake, MI?
Want a head-to-head view? Compare Spring Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Spring Lake a good real estate investment market?
For investors evaluating Spring Lake, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 30.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Spring Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spring Lake's median home price.
Frequently asked questions
What is the average home price in Spring Lake?
The median home sale price in Spring Lake is $440,000, up 30.4% from last year.
How long do homes stay on market in Spring Lake?
Homes typically spend 24 days on market before going under contract.
What is the median income in Spring Lake?
The median household income is $75,000 per year.
Is Spring Lake a buyer's or seller's market?
With 4.2 months of supply, Spring Lake is currently a leaning buyer's.
What is the Zillow home value estimate for Spring Lake?
The Zillow Home Value Index (ZHVI) for Spring Lake is $434,683, representing the typical home value in the area.
What is the median condo price in Spring Lake?
The median condo/co-op sale price in Spring Lake, MI is $440,000, compared to $328,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spring Lake?
The median single-family home price in Spring Lake, MI is $328,000 (about $199 per square foot).
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