The Downtown Spencer housing market is somewhat competitive. The median sale price of a home in Downtown Spencer was $203K last month, down 13.8% since last year. The median sale price per square foot in Downtown Spencer is $113, down 35.8% since last year.
What is the housing market like in Downtown Spencer today?
In October 2024, Downtown Spencer home prices were down 13.8% compared to last year, selling for a median price of $203K. On average, homes in Downtown Spencer sell after 84 days on the market compared to 36 days last year. There were 4 homes sold in October this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$202,500
-13.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Downtown Spencer, NC
$202,500
-13.8%
United States
To compare other locations to the Downtown 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.
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How hot is the Downtown Spencer housing market?
Downtown Spencer is somewhat competitive. Homes sell in 41 days.
0
100
35
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 41 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
94.5%
-1.9 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Downtown Spencer, NC
94.5%
-1.9 pt
United States
View houses in Downtown Spencer that sold recently
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 Downtown Spencer housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Spencer.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Spencer has a minor risk of flooding. 10 properties in Downtown Spencer are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Downtown Spencer. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Spencer has a moderate risk of wildfire. There are 378 properties in Downtown Spencer that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Downtown Spencer.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Spencer has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Spencer is most at risk from hurricanes. 378 properties in Downtown Spencer have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 72 mph.
100% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Spencer has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Spencer have a Major Heat Factor®.
Downtown Spencer is expected to see a 142% increase in the number of days over 104ºF over the next 30 years. Downtown Spencer is expected to experience 7