$7,707 Closing Credit*
$649,000
1,478 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73316238, Kim Tiscione Casella, Listing Office: Prestigious Homes
Is Spencer, MA 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, Spencer has remained a Seller's Market.
Key Takeaway
Spencer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer, MA
How much do homes in Spencer, MA cost?
Median Sold Price
$425,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+10.4%)
Key Takeaway
Homes in Spencer have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Spencer was $425,000 in November 2024, up 10.4% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $320K | +6.7% |
| 3 Bedrooms | $400K | $450K | +12.5% |
| 4 Bedrooms | $383.7K | $491K | +27.9% |
| 5+ Bedrooms | $420K | $426K | +1.4% |
Summary: 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 increased by 6.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Spencer, MA
How many homes are available in Spencer, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Spencer real estate market had 41 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Spencer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Spencer in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Spencer, MA
How long does it take to sell a home in Spencer, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 21 Days | -63.9% |
Summary: Homes in Spencer had an average of 21 days on market in Nov 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spencer are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Spencer; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
