Is Spencer, VA 24165 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Spencer is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91%Sold price ÷ list price
Median days on market91Listing to accepted offer
Median price per sq ft$121▼ −15.6% vs. last year

Nearby markets

Axton 24054Seller’s market $58 /sq ftBassett 24055Buyer’s market $123 /sq ftCollinsville 24078Seller’s market $119 /sq ftFieldale 24089Buyer’s market $90 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology