$2,314 Closing Credit*
$194,900
1,144 SqFt
2 Beds
•2 Full Baths
Jennifer Ham, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
Is Spencer Township, 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 Township has remained a Seller's Market.
Key Takeaway
Spencer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer Township, OH
How much do homes in Spencer Township, OH cost?
Median Sold Price
$429,500
$141/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$229,600(+114.9%)
Key Takeaway
Homes in Spencer Township have sold for 114.9% more than they did a month ago.
Summary: The median home sold price in Spencer Township was $429,500 in October 2024, up 114.9% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176K | - | N/A |
| 3 Bedrooms | $462.4K | $170K | -63.2% |
| 4 Bedrooms | $156.5K | $429.5K | +174.4% |
| 5+ Bedrooms | - | $429.5K | N/A |
Summary: Spencer Township 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 174.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cumberland | $144.5K | $429.5K | +197.1% |
| Spencer Township | $199.9K | $429.5K | +114.9% |
| Rich Hill Township | $245K | $236K | -3.7% |
Housing Supply in Spencer Township, OH
How many homes are available in Spencer Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Spencer Township real estate market had 12 homes for sale in October 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spencer Township 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 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 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 Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spencer Township in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Spencer Township, OH
How long does it take to sell a home in Spencer Township, OH?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 71 Days | -29.1% |
Summary: Homes in Spencer Township had an average of 71 days on market in Oct 2024, down by 29.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spencer Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Spencer Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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