Home Values

Spencer Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Spencer is $105,000 while the median price of homes that sold is $111,115.

Foreclosures will be a factor impacting home values in the next several years. In Spencer 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Spencer is 2.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Spencer homeowners underwater on their mortgage is 16.4%.

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Relative ZHVI
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Spencer Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $105,000 Median listing price
  • $111,115 Median sale price (Sep 30, 2014)
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Spencer Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 16.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $530,400
New York Metro $381,600
Washington Metro $361,100
Name Median ZHVI
Miami-Fort Lauderdale Metro $206,000
Philadelphia Metro $202,900
Chicago Metro $188,400
Name Median ZHVI
Atlanta Metro $152,900
Houston Metro $151,200
Dallas-Fort Worth Metro $149,300

Listings & Sales

Data through Oct 31, 2014
  • $77 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 37.6% Listings with price cut
6.5%
Sold below listing
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Spencer Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $939 Spencer
    $950 Spencer Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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