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Featured local agent — Spring Lake Park, MN
Sarah Mitchell
Compass Real Estate · Spring Lake Park, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Lake Park, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$312,000median sale price
How is the Spring Lake Park, MN housing market right now?
The median home sale price in Spring Lake Park, MN is $312,000, down 4.0% year-over-year. Homes sell in an average of 7 days with 8 active listings. The market is currently a strong seller's market. (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 Park a buyer's or seller's market?
Spring Lake Park, MN is currently a strong seller's market, based on 0.9 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
7
Fast-moving
Active listings
8
0.9 months supply
Sale-to-list
100.0%
Below asking
What does the Spring Lake Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $312,000 |
| Median list price | $339,900 |
| Year-over-year price change | -4.0% |
| Average days on market | 7 days |
| Active inventory | 8 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $201/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 5 |
| Listings with a price cut | 50.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spring Lake Park by property type?
How the Spring Lake Park, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $322,450 | $199/sq ft | 8 | 6 days |
| Townhouse | $312,000 | $201/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Spring Lake Park housing market is currently classified as a strong seller's market with a median sale price of $312,000. Prices have fallen 4.0% compared to last year, with homes spending an average of 7 days on market, indicating 0.9 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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Spring Lake Park
There are currently 8 homes listed for sale in Spring Lake Park, Minnesota. The median listing price is $340K.
Active listings
8
Homes on market
Median list price
$340K
Avg. days on market
7
Days until sale
New this week
5
Newly listed
Who lives in Spring Lake Park?
Population
6,997
Median income
$77,112/yr
Median age
39.6 years
Owner-occupied
71.3%
College grads
26.1%
Avg commute
22.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Spring Lake Park?
Zillow home value
$327,164
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Spring Lake Park?
Spring Lake Park is a community of approximately 7K residents with a median age of 39.6 years.The median household income is $77,112, which reflects a relatively affluent area with strong earning potential. 26.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spring Lake Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spring Lake Park?
8 schools tracked · 2,748 students
The largest public schools serving Spring Lake Park, MN 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 PARK SENIOR HIGH
Grades 9-12 · 1,965 students
Park Terrace Elementary
Grades PK-4 · 525 students
EARLY EDUCATION
Grades PK · 127 students
SLP Schools Online Secondary
Grades 7-12 · 52 students
Elementary Lighthouse
Grades 1-6 · 37 students
Secondary Lighthouse
Grades 7-12 · 31 students
SLP Schools Online Elementary
Grades K-6 · 11 students
Early Childhood Family Center
Grades PK
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 Park, MN?
Want a head-to-head view? Compare Spring Lake Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spring Lake Park?
The median home sale price in Spring Lake Park is $312,000, down 4.0% from last year.
How long do homes stay on market in Spring Lake Park?
Homes typically spend 7 days on market before going under contract.
What is the median income in Spring Lake Park?
The median household income is $77,112 per year.
Is Spring Lake Park a buyer's or seller's market?
With 0.9 months of supply, Spring Lake Park is currently a strong seller's market.
What is the Zillow home value estimate for Spring Lake Park?
The Zillow Home Value Index (ZHVI) for Spring Lake Park is $327,164, representing the typical home value in the area.
How much does a single-family home cost in Spring Lake Park?
The median single-family home price in Spring Lake Park, MN is $322,450 (about $199 per square foot).
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