Spencer, IA
Housing market overview · Updated weekly
$105,250median sale price
Homes sold
6
Last 12 weeks
Days on market
79
Average pace
Active listings
46
7.7 months supply
Sale-to-list
103.2%
Above asking
The Spencer housing market is currently classified as a leaning buyer's with a median sale price of $105,250. Prices have fallen 26.8% compared to last year, with homes spending an average of 79 days on market, indicating 7.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Spencer?
The median home sale price in Spencer is $105,250, down 26.8% from last year.
How long do homes stay on market in Spencer?
Homes typically spend 79 days on market before going under contract.
Is Spencer a buyer's or seller's market?
With 7.7 months of supply, Spencer is currently a leaning buyer's.
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