Local Market0 views · 1 answer
How competitive is the Spirit Lake housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v264
- Sold Score
- 33/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.34
- YoY contracts vs active
- Inventory YoY
- +0.2%
- YoY active listings
- Median DOM
- 55
- YoY days on market
- Price cuts
- 21.3%
- YoY of active listings
Spirit Lake is moderately competitive as of May 2026, with a Sold Score of 33/100 (Challenging Market Conditions).
**Pending ratio** is 0.34 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +23.7% — more choices for buyers than a year ago.
**Median days on market** is 55. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 21.3% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 33/100 (Challenging Market Conditions) · Pending ratio: 0.34 · Inventory YoY: +23.7% · Median days on market: 55 · Sellers cutting price: 21.3% · Median listing price: $575,000 (+19.8% YoY)
Spirit Lake snapshot
As of the latest 2026 data- Median listing
- $575K
- YoY +0.2%
- Active inventory
- 188
- YoY +0.2%
- Median DOM
- 55
- YoY -0.1%
- Pending ratio
- 0.34
- YoY +0.0%
- Price-reduced
- 12.5%
- YoY +0.0%