Spencer, SD Foreclosures
How much do homes sell for in Spencer, SD?
The average home price is currently $282,684.
What’s the average rental cost in Spencer, SD?
The average rental price in Spencer is $1,234.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $1,589,198.
What is currently the cheapest priced home in Spencer, SD?
The cheapest home for sale in Spencer is priced at $29,692.
Living in Spencer, SD
Spencer, SD, is a charming small village offering a peaceful rural lifestyle. Surrounded by beautiful landscapes and rich farmland, it's perfect for those seeking tranquility and community. Residents enjoy outdoor activities and local events that foster a warm, family-oriented atmosphere.
Current Market Conditions in Spencer, SD
The real estate market in Spencer, SD, is experiencing a stable and steady rise due to the increasing interest in rural living. The demand for homes in the area has remained consistent with attractive pricing compared to urban centers, making it an appealing option for first-time buyers and investors alike.
Many buyers are drawn to Spencer’s affordability, small-town charm, and the lifestyle it offers. With limited listings available, homes tend to sell relatively quickly, indicating a healthy market for sellers. Emerging trends show a preference for larger lots, where families can enjoy the outdoors and gardening.
Home Value Estimator For Spencer, SD
There are currently 137 real estate properties
in Spencer, SD,
with a median automated valuation model (AVM) price
of $209,763.00. 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, SD, 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, SD,
is $282,684.00, with the most expensive house
in Spencer, SD, topping out
at $1,589,198.00 and the cheapest home
in Spencer, SD,
clocking in at $29,692.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencer, SD!
Rent Prices
In Spencer, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencer, SD, is on
a rollercoaster ride. The
average rent price in Spencer, SD,
is $1,234.00. Indeed, when looking to rent in
Spencer, SD, you can expect to pay as little
as $620.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Spencer, SD
-- 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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