$1,663 Closing Credit*
$140,000
1,144 SqFt
2 Beds
•1 Full Bath
Listing Office: Monica Poole Realty LLC
Is Spencer, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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, NC
How much do homes in Spencer, NC cost?
Median Sold Price
$221,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,745(-7.4%)
Key Takeaway
Homes in Spencer have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Spencer was $221,000 in November 2024, down 7.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $164K | +4.5% |
| 3 Bedrooms | $242.9K | $234.9K | -3.3% |
| 4 Bedrooms | $277.4K | $315K | +13.6% |
| 5+ Bedrooms | $304.9K | $275K | -9.8% |
Summary: Spencer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $285K | $301K | +5.6% |
| Salisbury Township | $259.9K | $269.5K | +3.7% |
| East Spencer | $219.8K | $210K | -4.5% |
| Spencer | $238.7K | $221K | -7.4% |
Housing Supply in Spencer, NC
How many homes are available in Spencer, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The Spencer real estate market had 41 homes for sale in November 2024, a 13.9% increase 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Spencer 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 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Spencer in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Spencer, NC
How long does it take to sell a home in Spencer, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 102 Days | +313.9% |
Summary: Homes in Spencer had an average of 102 days on market in Nov 2024, up by 313.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Spencer are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in Spencer; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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