Home Values

Spanish Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median list price per square foot in Spanish Lake is $43, which is lower than the St. Louis Metro average of $104. The median price of homes currently listed in Spanish Lake is $54,900 while the median price of homes that sold is $42,500. The median rent price in Spanish Lake is $950, which is higher than the St. Louis Metro median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Spanish Lake 17.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Spanish Lake is 7.7%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Spanish Lake homeowners underwater on their mortgage is 38.1%, which is higher than St. Louis Metro at 22.7%.

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Relative ZHVI
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Spanish Lake Market Overview

Data through Nov 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $54,900 Median listing price
  • No recent data Median sale price
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Spanish Lake Market Health

Data through Nov 30, 2014
  • 0.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 38.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

17.4 homes Spanish Lake
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Granite City $67,200
Madison $43,400
 

Listings & Sales

Data through Nov 30, 2014
  • $43 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
16.1%
Sold below listing
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Spanish Lake Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $983 Spanish Lake
    $1,129 St. Louis Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $950 Rent list price
  • $0.82 Rent list price / sq ft
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