$75,000
Land
Steve Koleno, Listing Office: Beycome Brokerage Realty
Is Spencer County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spencer County has remained a Seller's Market.
Key Takeaway
Spencer County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer County, IN
How much do homes in Spencer County, IN cost?
Median Sold Price
$246,500
$138/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$16,500(+7.2%)
Key Takeaway
Homes in Spencer County have sold for 7.2% more than they did a month ago.
Summary: The median home sold price in Spencer County was $246,500 in October 2024, up 7.2% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $150K | -14.3% |
| 3 Bedrooms | $242.5K | $245.7K | +1.3% |
| 4 Bedrooms | $28K | $385.9K | +1278.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Spencer County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 1278.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Perry County | $119.9K | $225.3K | +87.9% |
| Spencer County | $230K | $246.5K | +7.2% |
| Warrick County | $276K | $280K | +1.4% |
Housing Supply in Spencer County, IN
How many homes are available in Spencer County, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The Spencer County real estate market had 51 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spencer County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Spencer County in October 2024, down by 20.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Spencer County, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.