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Foreclosure Homes in Spencer, IA 51301

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Spencer, IA Foreclosures

How much do homes sell for in Spencer, IA?
The average home price is currently $231,942.
In Spencer, IA, how many homes are available?
There are currently 90 active home listings available in Spencer.
What’s the average rental cost in Spencer, IA?
The average rental price in Spencer is $1,252.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $5,438,719.
What is currently the cheapest priced home in Spencer, IA?
The cheapest home for sale in Spencer is priced at $11,345.

Living in Spencer, IA

Spencer, IA is a welcoming community filled with well-kept parks, local shops, and friendly neighborhoods. Rich in history, it offers a blend of recreational activities and cultural events, making it an ideal place for families. Its educational institutions are well-regarded, adding to the town’s appeal as a desirable location to live.

Current Market Conditions in Spencer, IA

The real estate market in Spencer, IA is currently stable with modest appreciation in home values. The demand for both single-family homes and rental properties continues to remain steady, influenced by the area's inviting community feel and quality schools. Buyers are finding good value in the housing market, making it a competitive but achievable sector for first-time and seasoned homeowners alike.

There has been an uptick in new constructions and renovations, reflecting the confidence in the local market. The housing supply is gradually increasing, leading to varied options for prospective buyers.

Home Value Estimator For Spencer, IA

There are currently 5,283 real estate properties in Spencer, IA, with a median automated valuation model (AVM) price of $190,635.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spencer, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spencer, IA, is $231,942.00, with the most expensive house in Spencer, IA, topping out at $5,438,719.00 and the cheapest home in Spencer, IA, clocking in at $11,345.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, IA!

Rent Prices In Spencer, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, IA, is on a rollercoaster ride. The average rent price in Spencer, IA, is $1,252.00. Indeed, when looking to rent in Spencer, IA, you can expect to pay as little as $680.00 or as much as $2,370.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Spencer, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Spencer, IA 51301 Foreclosures

Market Trend for Spencer, IA

Total Listings Available: 90

Market Values:

Home Prices from $11,345 to $5,438,719

Average Sales Price: $231,942

Rental Values:

Rental from $680 to $2,370

Average Rent Value: $1,252 / month

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