Spencer, NE Foreclosures
How much do homes sell for in Spencer, NE?
The average home price is currently $180,534.
In Spencer, NE, how many homes are available?
There are currently 14 active home listings available in Spencer.
What’s the average rental cost in Spencer, NE?
The average rental price in Spencer is $977.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $942,349.
What is currently the cheapest priced home in Spencer, NE?
The cheapest home for sale in Spencer is priced at $22,200.
Living in Spencer, NE
Spencer, Nebraska is a picturesque small town offering a tranquil environment for families and retirees alike. Surrounded by scenic landscapes, the community promotes a strong sense of belonging and outdoor activities. Residents benefit from essential amenities, and its friendly atmosphere makes it a wonderful place to call home.
Current Market Conditions in Spencer, NE
The real estate market in Spencer, NE, has shown moderate activity over the past few months, with an increase in the number of homes sold compared to last year. The average home prices have stabilized, and buyers are taking advantage of the affordable options available in the area. Given the slow but steady growth in the local economy, the outlook remains positive, attracting both first-time buyers and investors looking for value in real estate.
As of late October 2023, the market in Spencer has experienced slight fluctuations, with a small decline in inventory available for sale. Interest rates have remained relatively stable, prompting serious buyers to enter the market. Homes in good condition are still receiving multiple offers, leading to competitive pricing for desirable properties. Overall, Spencer continues to be an attractive option for homebuyers who appreciate rural living.
Home Value Estimator For Spencer, NE
There are currently 328 real estate properties
in Spencer, NE,
with a median automated valuation model (AVM) price
of $136,962.00. 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, NE, 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, NE,
is $180,534.00, with the most expensive house
in Spencer, NE, topping out
at $942,349.00 and the cheapest home
in Spencer, NE,
clocking in at $22,200.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencer, NE!
Rent Prices
In Spencer, NE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencer, NE, is on
a rollercoaster ride. The
average rent price in Spencer, NE,
is $977.00. Indeed, when looking to rent in
Spencer, NE, you can expect to pay as little
as $470.00 or as much
as $2,080.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Spencer, NE
-- 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.
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