Is Spencer, IA 51301 a buyer’s or seller’s market?
Spencer is a seller’s market. With about 3.4 months of supply and 16% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.4Under 4 months = seller’s market
Sold above original list15.5%Share of sales, last 3 months
Median sale-to-list96.3%Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$122▼ −10.9% vs. last year
Run the numbers for 51301
Nearby markets
Everly 51338Seller’s market $77 /sq ftFostoria 51340Buyer’s market $32 /sq ftGreenville 51343 — /sq ftLinn Grove 51033Buyer’s market $39 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology