Spencer, TN Housing Market

The Spencer housing market is not very competitive. The median sale price of a home in Spencer was $230K last month, up 24.3% since last year. The median sale price per square foot in Spencer is $180, up 29.5% since last year.

Trends
Demand
Migration
Schools
Climate

Spencer Housing Market Trends

What is the housing market like in Spencer today?

$230K

Sale Price

+24.3%
since last year

$180

Sale $/Sq. Ft.

+29.5%
since last year

Under List Price

3.2%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Spencer and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Spencer add value to a home.

How hot is the Spencer housing market?

Spencer is not very competitive. Homes sell in 91 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 91 days.
Hot homes
can sell for around list price and go pending in around 39 days.

Compare With Nearby Cities

McMinnville

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 119 days.
Hot homes
can sell for around list price and go pending in around 67 days.

Sparta

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 63 days.
Hot homes
can sell for around list price and go pending in around 22 days.

See more nearby cities and neighborhoods

Spencer Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Spencer that sold recently

Recently sold homes

SOLD MAR 13, 2025
$379,000 Last Sold Price
3 beds
2 baths
1,920 sq ft
325 Spring St, Spencer, TN 38585
List Price
$379,000
Sale to List
0% over list
Days on Market
50 days
325 Spring St, Spencer, TN 38585
SOLD MAR 5, 2025
$27,000 Last Sold Price
—beds
—baths
—sq ft
Lot 11 Peaceful Ln, Sparta, TN 38583
List Price
$32,000
Sale to List
16% under list
Days on Market
509 days
Lot 11 Peaceful Ln, Sparta, TN 38583
SOLD MAR 4, 2025
$15,000 Last Sold Price
—beds
—baths
—sq ft
lot 58 Hemlock Ln, Spencer, TN 38585
List Price
$17,000
Sale to List
12% under list
Days on Market
508 days
lot 58 Hemlock Ln, Spencer, TN 38585
SOLD MAR 4, 2025
$174,000
—beds
1 bath
1,690 sq ft
215 Simmons St, Spencer, TN 38585
List Price
—
Sale to List
—
Days on Market
—
215 Simmons St, Spencer, TN 38585
SOLD MAR 3, 2025
$115,000
—beds
—baths
—sq ft
1866 Wolfhaven Rd, Spencer, TN 38585
List Price
—
Sale to List
—
Days on Market
—
1866 Wolfhaven Rd, Spencer, TN 38585
SOLD FEB 28, 2025
$115,000 Last Sold Price
—beds
—baths
—sq ft
1866 Wolf Haven Rd Unit Tract 5, Spencer, TN 38585
List Price
$119,000
Sale to List
3% under list
Days on Market
30 days
1866 Wolf Haven Rd Unit Tract 5, Spencer, TN 38585
SOLD FEB 25, 2025
$235,000
—beds
2 baths
1,976 sq ft
76 Sherwood Dr, Spencer, TN 38585
List Price
—
Sale to List
—
Days on Market
—
76 Sherwood Dr, Spencer, TN 38585
SOLD FEB 24, 2025
$345,000 Last Sold Price
3 beds
2 baths
1,296 sq ft
6889 Baker Mountain Rd, Spencer, TN 38585
List Price
$345,000
Sale to List
0% over list
Days on Market
—
6889 Baker Mountain Rd, Spencer, TN 38585
See all recently sold homes in Spencer.
See listings

Schools in Spencer

Learn about schools in the Spencer area

Elementary
Middle
High

GreatSchools Rating

6/10

Spencer Elementary School

Public • PreK-5

352

Students

1 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Spencer housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Spencer.

Wind Factor - Moderate

100% of properties are at moderate risk of a severe wind event over the next 30 years

Heat Factor - Moderate

100% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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