$3,264 Closing Credit*
$274,900
1,400 SqFt
3 Beds
•1 Full Bath
Misty Hatch, Listing Office: EXP Realty, LLC.
Is Spencer, OH 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 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, OH
How much do homes in Spencer, OH cost?
Median Sold Price
$195,000
$147/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$200,000(-50.6%)
Key Takeaway
Homes in Spencer have sold for 50.6% less than they did a month ago.
Summary: The median home sold price in Spencer was $195,000 in October 2024, down 50.6% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $462.4K | $170K | -63.2% |
| 4 Bedrooms | $199.9K | $312.5K | +56.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Spencer 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 did not change, 3 bedroom homes decreased by 63.2%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer | $395K | $195K | -50.6% |
| Spencer Township | $395K | $195K | -50.6% |
Housing Supply in Spencer, OH
How many homes are available in Spencer, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Spencer real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spencer 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Spencer in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Spencer, OH
How long does it take to sell a home in Spencer, OH?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 Days | 44 Days | -66.1% |
Summary: Homes in Spencer had an average of 44 days on market in Oct 2024, down by 66.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spencer has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Spencer; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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