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Featured local agent — Spring Park, MN
Sarah Mitchell
Compass Real Estate · Spring Park, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Park, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.10Mmedian sale price
How is the Spring Park, MN housing market right now?
The median home sale price in Spring Park, MN is $1.10M, up 92.1% year-over-year. Homes sell in an average of 95 days with 14 active listings. The market is currently a balanced 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 Park a buyer's or seller's market?
Spring Park, MN is currently a balanced market, based on 2.8 months of supply and homes selling in about 95 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
95
Average pace
Active listings
14
2.8 months supply
Sale-to-list
95.2%
Below asking
What does the Spring Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.10M |
| Median list price | $575,500 |
| Year-over-year price change | +92.1% |
| Average days on market | 95 days |
| Active inventory | 14 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $438/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 2 |
| Listings with a price cut | 7.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Spring Park by property type?
How the Spring 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 | $1.62M | $497/sq ft | 3 | 140 days |
| Condo / Co-op | $812,500 | $434/sq ft | 2 | 95 days |
| Townhouse | $539,000 | $347/sq ft | 1 | 13 days |
Source: Redfin · Updated monthly
The Spring Park housing market is currently classified as a balanced market with a median sale price of $1.10M. Prices have risen 92.1% compared to last year, with homes spending an average of 95 days on market, indicating 2.8 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 12.7x provides context for how home values compare to local earning capacity.
Homes for sale in Spring Park
There are currently 14 homes listed for sale in Spring Park, Minnesota. The median listing price is $576K.
Active listings
14
Homes on market
Median list price
$576K
Avg. days on market
95
Days until sale
New this week
2
Newly listed
Who lives in Spring Park?
Population
1,869
Median income
$46,860/yr
Median age
58.2 years
Owner-occupied
22.3%
College grads
30.7%
Avg commute
21.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Spring Park?
Zillow home value
$594,815
Zillow rent index
$1,838/mo
Price-to-rent ratio
27.0x
Price-to-income
12.7x
Source: Zillow Research
What is it like to live in Spring Park?
Spring Park is a community of approximately 2K residents with a median age of 58.2 years.The median household income is $46,860, which represents a working-class community with solid middle-income opportunities. 30.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 22.3%, showing a blend of owner and renter-occupied properties. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spring Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Spring Park, MN?
Want a head-to-head view? Compare Spring Park side-by-side with any other U.S. city using our market-comparison tool.
Is Spring Park a good real estate investment market?
For investors evaluating Spring Park, the price-to-rent ratio of 27.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 92.1% 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 Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spring Park's median home price.
Frequently asked questions
What is the average home price in Spring Park?
The median home sale price in Spring Park is $1.10M, up 92.1% from last year.
How long do homes stay on market in Spring Park?
Homes typically spend 95 days on market before going under contract.
What is the median income in Spring Park?
The median household income is $46,860 per year.
Is Spring Park a buyer's or seller's market?
With 2.8 months of supply, Spring Park is currently a balanced market.
What is the Zillow home value estimate for Spring Park?
The Zillow Home Value Index (ZHVI) for Spring Park is $594,815, representing the typical home value in the area.
What is the median condo price in Spring Park?
The median condo/co-op sale price in Spring Park, MN is $812,500, compared to $1.62M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spring Park?
The median single-family home price in Spring Park, MN is $1.62M (about $497 per square foot).
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