Spencer, SD
Housing market overview · Updated weekly
$120,000median sale price
Homes sold
2
Last 12 weeks
Days on market
49
Average pace
Active listings
1
0.5 months supply
Sale-to-list
101.8%
Above asking
The Spencer housing market is currently classified as a strong seller's market with a median sale price of $120,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 49 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Spencer?
The median home sale price in Spencer is $120,000, down 0.0% from last year.
How long do homes stay on market in Spencer?
Homes typically spend 49 days on market before going under contract.
Is Spencer a buyer's or seller's market?
With 0.5 months of supply, Spencer is currently a strong seller's market.
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