Is Spencer, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spencer has remained a Seller's Market.
Housing Prices in Spencer, OK
How much do homes in Spencer, OK cost?
Median Sold Price
$152,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spencer was $152,500 in April 2024, up 5.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | - | N/A |
2 Bedrooms | $65K | $100K | +53.8% |
3 Bedrooms | $146.5K | $160K | +9.2% |
4 Bedrooms | $205K | $170K | -17.1% |
5+ Bedrooms | - | - | N/A |
Summary: Spencer housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oklahoma City Southeast | $184K | $195.4K | +6.2% |
Midwest City | $164.9K | $175K | +6.1% |
Spencer | $145K | $152.5K | +5.2% |
Nicoma Park | $207.2K | $216.9K | +4.7% |
Oklahoma City | $244.9K | $249.9K | +2.1% |
Housing Supply in Spencer, OK
How many homes are available in Spencer, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The Spencer real estate market had 25 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spencer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Spencer in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.
Days on Market for Spencer, OK
How long does it take to sell a home in Spencer, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 57 Days | +104.3% |
Summary: Homes in Spencer had an average of 57 days on market in Apr 2024, up by 104.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Spencer; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.