$8,311 Closing Credit*
$699,900
3 Beds
•2 Full Baths, 1 Partial
Courtney A Boron, Listing Office: M. C. Real Estate
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
$450,000
$112/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$20,500(+4.8%)
Key Takeaway
Homes in Spencer Township have sold for 4.8% more than they did a month ago.
Summary: The median home sold price in Spencer Township was $450,000 in November 2024, up 4.8% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $449K | $450K | 0.2% |
| 4 Bedrooms | $429.5K | $326.5K | -24.0% |
| 5+ Bedrooms | $429.5K | - | N/A |
Summary: Spencer Township housing prices by bedroom type for November 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 increased by 0.2%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Valley Township | $20K | $212.5K | +962.5% |
| Spencer Township | $429.5K | $450K | +4.8% |
| Cumberland | $429.5K | $101.5K | -76.4% |
Housing Supply in Spencer Township, OH
How many homes are available in Spencer Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Spencer Township real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spencer Township 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Spencer Township in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 42 Days | -31.3% |
Summary: Homes in Spencer Township had an average of 42 days on market in Nov 2024, down by 31.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spencer Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Spencer Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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