Spencer, MA Home Values & Market Trends
Real estate market trends reflect that there have been 171 transactions over the past year in Spencer. The median value for residential home transactions that occurred over the previous year is $366,109.83. The number of current listings in Spencer is 15, and the percentage of properties for sale in the city is 15.00%. Spencer, MA currently has 13 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 15 properties for sale.
Spencer, MA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 01562 | $ 458,034 $ 259/sqft |
Housing Market Summary for Spencer, MA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $330K | $382.1K | 15.79% |
| Median Sold Price | $371.9K | $382.1K | 2.75% |
| Homes For Sale | 17 | 15 | -11.76% |
| Homes Sold | 80 | 80 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Spencer, MA
Browse Homes in Spencer, MA
Spencer home values range from $21,990 to $4,388,484. The median estimated value of a home in Spencer is $366,109.83. The median list price of a home is 349,900, and the total count of properties in the city is 3,751.
- Pre-ForeclosurePre-foreclosure homes account for 0.27% of all residential properties in Spencer, MA with 01562 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Spencer, MA; of that zips, the estimated home value for pre-foreclosure homes ranges from $519,383 in 01562 to the lowest home value of $241,694 in 01562.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Spencer, MA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Spencer, MA. There is 1 zips within Spencer, MA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions01562 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Spencer, MA. Auction homes and other auction properties account for 0.08% of all properties in Spencer, MA. There is 1 zips within Spencer, MA; of that zips, the median estimated home value for homes going to auction ranges from $425,916 in 01562 to the lowest value of $269,383 in 01562.
Compare Nearby Cities
More Real Estate Resources for Spencer, MA
Guide for Spencer, MA
This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?