Spencer, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Spencer, SD is $120,000. Homes sell in an average of 49 days with 1 active listings. The market is currently a strong seller's market.
$120,000median sale price
Is Spencer a buyer's or seller's market?
Spencer, SD is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
49
Average pace
Active listings
1
0.5 months supply
Sale-to-list
101.8%
Above asking
Spencer, SD market data
| Metric | Value |
|---|---|
| Median sale price | $120,000 |
| Average days on market | 49 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 101.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated weekly
The Spencer housing market is currently classified as a strong seller's market with a median sale price of $120,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 49 days on market, indicating 0.5 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
Homes for sale in Spencer
There are currently 1 homes listed for sale in Spencer, South Dakota.
Active listings
1
Homes on market
Avg. days on market
49
Days until sale
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Frequently asked questions
What is the average home price in Spencer?
The median home sale price in Spencer is $120,000, down 0.0% from last year.
How long do homes stay on market in Spencer?
Homes typically spend 49 days on market before going under contract.
Is Spencer a buyer's or seller's market?
With 0.5 months of supply, Spencer is currently a strong seller's market.
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