$6,293 Closing Credit*
$529,900
2,380 SqFt
3 Beds
•3 Full Baths
#73322129, Kim Daley, Listing Office: KW Pinnacle MetroWest
Is Spencer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,000(+7.6%)
Key Takeaway
Homes in Spencer have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Spencer was $425,000 in December 2024, up 7.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $310K | $325K | +4.8% |
| 3 Bedrooms | $407.5K | $425K | +4.3% |
| 4 Bedrooms | $382.5K | $494.5K | +29.3% |
| 5+ Bedrooms | $410K | $464K | +13.2% |
Summary: Spencer housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Spencer, MA
How many homes are available in Spencer, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -21.6% |
Summary: The Spencer real estate market had 29 homes for sale in December 2024, a 21.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Spencer housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Spencer in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +16.7% |
Summary: Homes in Spencer had an average of 42 days on market in Dec 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spencer are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Spencer; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
