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Preforeclosure Homes in Spencer, OH

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Spencer, OH Foreclosures

How much do homes sell for in Spencer, OH?
The average home price is currently $320,129.
In Spencer, OH, how many homes are available?
There are currently 1 active home listings available in Spencer.
What’s the average rental cost in Spencer, OH?
The average rental price in Spencer is $1,304.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $1,608,100.
What is currently the cheapest priced home in Spencer, OH?
The cheapest home for sale in Spencer is priced at $26,714.

Living in Spencer, OH

Spencer is a charming village located in Medina County, Ohio, known for its small-town feel and strong community spirit. With its quiet residential neighborhoods and access to outdoor recreational activities, Spencer offers an ideal setting for families and retirees alike. The village boasts a friendly atmosphere and is within commuting distance to larger cities, providing residents with the best of both worlds.

Current Market Conditions in Spencer, OH

The real estate market in Spencer has remained stable, with a consistent number of homes available for sale. Demand for properties in the village has been moderate, driven by families and individuals seeking affordable housing and a relaxed lifestyle. The surrounding area's charm and sense of community continue to attract buyers from neighboring urban centers.

Currently, median home prices in Spencer are affordable compared to larger metropolitan areas, making it an attractive option for first-time homebuyers. As of late 2023, the market shows signs of gradual appreciation, indicating a healthy interest in the area.

Home Value Estimator For Spencer, OH

There are currently 1,229 real estate properties in Spencer, OH, with a median automated valuation model (AVM) price of $294,473.00. 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, OH, 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, OH, is $320,129.00, with the most expensive house in Spencer, OH, topping out at $1,608,100.00 and the cheapest home in Spencer, OH, clocking in at $26,714.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, OH!

Rent Prices In Spencer, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, OH, is on a rollercoaster ride. The average rent price in Spencer, OH, is $1,304.00. Indeed, when looking to rent in Spencer, OH, you can expect to pay as little as $680.00 or as much as $2,360.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Spencer, OH -- 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, OH Preforeclosure Homes


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