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Featured local agent — Spiritwood Lake, ND
Sarah Mitchell
Compass Real Estate · Spiritwood Lake, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spiritwood Lake, ND Housing Market
The typical home in Spiritwood Lake, ND is worth $389,251, rose 19.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $800,000, +196.3% year over year (through May 2026). With homes going under contract in about 109 days, Spiritwood Lake is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $389,251 home is about $2,078/mo in principal and interest.
Key numbers for Spiritwood Lake, ND
Typical home value
$389,251
+19.0% in 12 months
Zillow, August 2026
Median sale price
$800,000
+196.3% year over year
Redfin, through October 2025
Days on market
109
Slow-moving
Redfin, through October 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Spiritwood Lake a buyer's or seller's market?
Spiritwood Lake, ND is a leaning buyer's and homes selling in about 109 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Spiritwood Lake housing market data show?
Every row below is Redfin's final published month for Spiritwood Lake, ND. Redfin, through October 2025
| Metric | Value |
|---|---|
| Median sale price | $800,000 |
| Year-over-year price change | +196.3% |
| Median price per sq ft | $251/sq ft |
| Median days on market | 109 days |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Spiritwood Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Spiritwood Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Spiritwood Lake home prices moved?
Across the 9 months we hold for Spiritwood Lake, ND, the median sale price rose 66.7%, from $480,000 in July 2021 to $800,000. The live Zillow value series has rose 19.0% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through October 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Spiritwood Lake?
Priced off the typical home value of $389,251 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $77,850 | $311,401 | $2,078/mo |
| 5% | $19,463 | $369,788 | $2,468/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,078, that implies roughly $89,059 a year before you add taxes and insurance. We do not hold a Census income figure for Spiritwood Lake, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Spiritwood Lake in the next 12 months?
Tell us your timeline. We send the Spiritwood Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Spiritwood Lake?
Zillow does not publish a rent index (ZORI) for Spiritwood Lake, ND, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Spiritwood Lake?
Active listings in Spiritwood Lake, ND went from 1 in August 2023 to 1 in October 2024, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2023 | 1 | not published |
| August 2024 | 2 | 1 |
| October 2024 | 1 | not published |
Redfin, through October 2024
How does Spiritwood Lake compare to North Dakota and the U.S.?
Spiritwood Lake homes sell for $800,000 — 157% above the North Dakota median of $311,200. Against the national median of $410,700, Spiritwood Lake runs 95% higher. Year-over-year, Spiritwood Lake moved +196.3% against North Dakota's +6.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Spiritwood Lake, ND | $800,000 | +196.3% | 109 days |
| North Dakota statewide | $311,200 | +6.0% | 44 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Spiritwood Lake
What buyers should watch
- The gap between 5% and 20% down here is $390 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $389,251 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Spiritwood Lake listing goes under contract in 109 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Your equity moved +19.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Spiritwood Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Spiritwood Lake
Explore homes currently listed for sale in Spiritwood Lake, North Dakota across major real estate platforms.
How much do homes cost in Spiritwood Lake by property type?
How the Spiritwood Lake, ND market breaks down across single-family homes, condos and townhouses. Redfin, through October 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $800,000 | $251/sq ft | 1 | 109 days |
Who lives in Spiritwood Lake?
American Community Survey estimates for Spiritwood Lake. U.S. Census ACS, 2023
Population
166
Households
73
Median age
61 years
Owner-occupied
100.0%
Mean commute
32.3 min
100.0% of occupied homes in Spiritwood Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Spiritwood Lake, ND?
Ordered by distance from Spiritwood Lake, not by size. Compare Spiritwood Lake side by side with any of them.
Spiritwood Lake housing market FAQ
Is Spiritwood Lake a buyer's or seller's market?
Spiritwood Lake, ND is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Spiritwood Lake?
The typical home in Spiritwood Lake, ND is worth $389,251 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $800,000, about $251 per square foot.
Is Spiritwood Lake cheaper than the rest of North Dakota?
Spiritwood Lake's median sale price of $800,000 is 157% higher than the North Dakota statewide median of $311,200, and 95% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Spiritwood Lake?
Homes in Spiritwood Lake, ND spent a median of 109 days on market before going under contract, versus 44 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Spiritwood Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $389,251 home is about $2,078 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $89,059 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Spiritwood Lake?
The typical home value in Spiritwood Lake, ND rose 19.0% over the last 12 months, from $327,180 to $389,251 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Spiritwood Lake?
Spiritwood Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Spiritwood Lake?
That depends on your timeline, not on a headline. What the data says today: Spiritwood Lake, ND is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $389,251, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.