$3,205 Closing Credit*
$269,900
1,525 SqFt
3 Beds
•2 Full Baths
#22405292, ASHLEY FREDRICK, Listing Office: NEXTHOME HUB CITY
Is Spencer, WI 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, WI
How much do homes in Spencer, WI cost?
Median Sold Price
$350,000
$139/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$172,550(+97.2%)
Key Takeaway
Homes in Spencer have sold for 97.2% more than they did a month ago.
Summary: The median home sold price in Spencer was $350,000 in October 2024, up 97.2% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $136K | N/A |
| 3 Bedrooms | $177.4K | $350K | +97.2% |
| 4 Bedrooms | - | $408K | N/A |
| 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 increased by 97.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer | $177.4K | $350K | +97.2% |
| Spencer | $177.4K | $243K | +36.9% |
Housing Supply in Spencer, WI
How many homes are available in Spencer, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Spencer real estate market had 16 homes for sale in October 2024, a 15.8% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 5 | -54.5% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 3 | 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 decreased by 54.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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, 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 in October 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, WI
We’re sorry, we don't have information for this market at the moment
