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Featured local agent — Spanish Lake, MO
Sarah Mitchell
Compass Real Estate · Spanish Lake, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spanish Lake, MO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$117,500median sale price
How is the Spanish Lake, MO housing market right now?
The median home sale price in Spanish Lake, MO is $117,500, up 11.9% year-over-year. Homes sell in an average of 26 days with 49 active listings. The market is currently a buyer'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 Spanish Lake a buyer's or seller's market?
Spanish Lake, MO is currently a buyer's market, based on 5.4 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
26
Average pace
Active listings
49
5.4 months supply
Sale-to-list
93.8%
Below asking
What does the Spanish Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $117,500 |
| Median list price | $139,950 |
| Year-over-year price change | +11.9% |
| Average days on market | 26 days |
| Active inventory | 49 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 93.8% |
| Median price per sq ft | $87/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 24 |
| Listings with a price cut | 28.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Spanish Lake by property type?
How the Spanish Lake, MO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $117,500 | $87/sq ft | 9 | 26 days |
| Condo / Co-op | $185,555 | $57/sq ft | 1 | 12 days |
Source: Redfin · Updated monthly
The Spanish Lake housing market is currently classified as a buyer's market with a median sale price of $117,500. Prices have risen 11.9% compared to last year, with homes spending an average of 26 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Spanish Lake
There are currently 49 homes listed for sale in Spanish Lake, Missouri. The median listing price is $140K.
Active listings
49
Homes on market
Median list price
$140K
Avg. days on market
26
Days until sale
New this week
24
Newly listed
Who lives in Spanish Lake?
Population
18,183
Median income
$51,125/yr
Median age
34.5 years
Owner-occupied
49.0%
College grads
13.2%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Spanish Lake?
Zillow home value
$150,664
Zillow rent index
$1,324/mo
Price-to-rent ratio
9.5x
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Spanish Lake?
Spanish Lake is a community of approximately 18K residents with a median age of 34.5 years.The median household income is $51,125, which represents a working-class community with solid middle-income opportunities. 13.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spanish Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Spanish Lake, MO?
Want a head-to-head view? Compare Spanish Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Spanish Lake a good real estate investment market?
For investors evaluating Spanish Lake, the price-to-rent ratio of 9.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 11.9% 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 Spanish Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spanish Lake's median home price.
Frequently asked questions
What is the average home price in Spanish Lake?
The median home sale price in Spanish Lake is $117,500, up 11.9% from last year.
How long do homes stay on market in Spanish Lake?
Homes typically spend 26 days on market before going under contract.
What is the median income in Spanish Lake?
The median household income is $51,125 per year.
Is Spanish Lake a buyer's or seller's market?
With 5.4 months of supply, Spanish Lake is currently a buyer's market.
What is the Zillow home value estimate for Spanish Lake?
The Zillow Home Value Index (ZHVI) for Spanish Lake is $150,664, representing the typical home value in the area.
What is the median condo price in Spanish Lake?
The median condo/co-op sale price in Spanish Lake, MO is $185,555, compared to $117,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spanish Lake?
The median single-family home price in Spanish Lake, MO is $117,500 (about $87 per square foot).
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