$1,483 Closing Credit*
$124,900
616 SqFt
2 Beds
•1 Full Bath
#22404210, JOEL LUTTROPP, Listing Office: SUCCESS REALTY INC
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
Last month, Spencer was a Buyer'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
$208,500
$164/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$131,500(-38.7%)
Key Takeaway
Homes in Spencer have sold for 38.7% less than they did a month ago.
Summary: The median home sold price in Spencer was $208,500 in August 2024, down 38.7% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $270K | N/A |
| 3 Bedrooms | - | $207.5K | N/A |
| 4 Bedrooms | $340K | $500K | +47.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Spencer housing prices by bedroom type for August 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 did not change, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer | $340K | $208.5K | -38.7% |
| Spencer | $340K | $208.5K | -38.7% |
Housing Supply in Spencer, WI
How many homes are available in Spencer, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Spencer real estate market had 21 homes for sale in August 2024, a 4.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spencer housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spencer in August 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Spencer, WI
We’re sorry, we don't have information for this market at the moment
