Real Estate Market Update for Spring Lake, NC
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 23% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold decreased 11% year-over-year, and decreased 26% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Spring Lake, NC
Area Information for Spring Lake, NC
  • Population: 11,734
  • Median Age: 28.78 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 498/sq mi
  • Population Change Since 2000: 11.12%
  • Closest Airport: Fayetteville Regional/grannis Field
  • Closest College: Campbell University-fort Bragg Campus
  • Closest Jr. College: Fayetteville Technical Community College
  • Median Household Income: $38,173
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $75,000
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 51.62%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Spring Lake, NC
Median Age: 28.78 Married: 36% Number of Households: 4,136 Households with Children: 1,541
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Spring Lake, NC

      School Name Distance Type Grades School Rating Parent Rating
      Lillian Black Elementary 0.6 mi Public K-5 1 0
      Manchester Elementary 0.6 mi Public K-5 1 0
      Spring Lake Middle 0.7 mi Public 6-8 1 0
      William T Brown Elementary 1.2 mi Public PRESCHOOL-5 2 0
      Overhills High School 4.9 mi Public 9-12 2 0
      Overhills Middle 5.0 mi Public 6-8 2 0
      Overhills Elementary 5.1 mi Public PRESCHOOL-5 2 0
      Anderson Creek Club Charter School 7.0 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Spring Lake, NC
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.