$179,500
11.72 Acres
Land
Listing Office: Bishop Realty & Auction, LLC
Is West Spencer, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Spencer has remained a Seller's Market.
Key Takeaway
West Spencer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Spencer, KY
How much do homes in West Spencer, KY cost?
Median Sold Price
$385,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$36,000(-8.6%)
Key Takeaway
Homes in West Spencer have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in West Spencer was $385,000 in November 2024, down 8.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $752K | $295K | -60.8% |
| 3 Bedrooms | $375K | $339K | -9.6% |
| 4 Bedrooms | $453K | $475K | +4.9% |
| 5+ Bedrooms | $510K | $503.9K | -1.2% |
Summary: West Spencer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 60.8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Coxs Creek | $280K | $284.4K | +1.6% |
| Fisherville | $539K | $520K | -3.5% |
| Floyds Fork | $479.6K | $460K | -4.1% |
| West Spencer | $421K | $385K | -8.6% |
Housing Supply in West Spencer, KY
How many homes are available in West Spencer, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The West Spencer real estate market had 38 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The West Spencer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Spencer, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Spencer in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for West Spencer, KY
We’re sorry, we don't have information for this market at the moment
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