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Featured local agent — Spencer, MA
Sarah Mitchell
Compass Real Estate · Spencer, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spencer, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$420,000median sale price
How is the Spencer, MA housing market right now?
The median home sale price in Spencer, MA is $420,000, up 1.8% year-over-year. Homes sell in an average of 44 days with 12 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spencer a buyer's or seller's market?
Spencer, MA is currently a balanced market, based on 4.0 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
44
Average pace
Active listings
12
4.0 months supply
Sale-to-list
99.8%
Below asking
What does the Spencer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $447,450 |
| Year-over-year price change | +1.8% |
| Average days on market | 44 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $259/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 14 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Spencer by property type?
How the Spencer, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $420,000 | $259/sq ft | 3 | 44 days |
| Condo / Co-op | $290,000 | $274/sq ft | 1 | 31 days |
| Townhouse | $388,000 | $298/sq ft | 1 | 69 days |
Source: Redfin · Updated monthly
The Spencer housing market is currently classified as a balanced market with a median sale price of $420,000. Prices have risen 1.8% compared to last year, with homes spending an average of 44 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Spencer
There are currently 12 homes listed for sale in Spencer, Massachusetts. The median listing price is $447K.
Active listings
12
Homes on market
Median list price
$447K
Avg. days on market
44
Days until sale
New this week
14
Newly listed
Who lives in Spencer?
Population
5,520
Median income
$59,618/yr
Median age
50.8 years
Owner-occupied
40.9%
College grads
15.7%
Avg commute
35.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Spencer?
Zillow home value
$447,100
Zillow rent index
$1,898/mo
Price-to-rent ratio
19.6x
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Spencer?
Spencer is a community of approximately 6K residents with a median age of 50.8 years.The median household income is $59,618, which represents a working-class community with solid middle-income opportunities. 15.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 40.9%, showing a blend of owner and renter-occupied properties. The average commute time is 35.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Spencer offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spencer?
3 schools tracked · 1,171 students
The largest public schools serving Spencer, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wire Village School
Grades K-4 · 451 students
Knox Trail Middle School
Grades 5-8 · 389 students
David Prouty High
Grades 9-12 · 331 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spencer, MA?
Want a head-to-head view? Compare Spencer side-by-side with any other U.S. city using our market-comparison tool.
Is Spencer a good real estate investment market?
For investors evaluating Spencer, the price-to-rent ratio of 19.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Spencer's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spencer's median home price.
Frequently asked questions
What is the average home price in Spencer?
The median home sale price in Spencer is $420,000, up 1.8% from last year.
How long do homes stay on market in Spencer?
Homes typically spend 44 days on market before going under contract.
What is the median income in Spencer?
The median household income is $59,618 per year.
Is Spencer a buyer's or seller's market?
With 4.0 months of supply, Spencer is currently a balanced market.
What is the Zillow home value estimate for Spencer?
The Zillow Home Value Index (ZHVI) for Spencer is $447,100, representing the typical home value in the area.
What is the median condo price in Spencer?
The median condo/co-op sale price in Spencer, MA is $290,000, compared to $420,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spencer?
The median single-family home price in Spencer, MA is $420,000 (about $259 per square foot).
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