Is Spencer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Spencer has remained a Seller's Market.
Housing Prices in Spencer, MA
How much do homes in Spencer, MA cost?
Median Sold Price
$400,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Spencer was $400,000 in June 2024, up 5.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | - | N/A |
2 Bedrooms | $290K | $300K | +3.4% |
3 Bedrooms | $389.9K | $400K | +2.6% |
4 Bedrooms | $445K | $417.4K | -6.2% |
5+ Bedrooms | $385K | $420K | +9.1% |
Summary: Spencer housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in Spencer, MA
How many homes are available in Spencer, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The Spencer real estate market had 34 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Spencer housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Spencer in June 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Spencer, MA
How long does it take to sell a home in Spencer, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 20 Days | -29.7% |
Summary: Homes in Spencer had an average of 20 days on market in Jun 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Spencer; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.