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, South Dakota, is a charming small town that offers a laid-back rural lifestyle surrounded by beautiful landscapes. The community is known for its friendly residents and a strong sense of togetherness, making it a great place for families and individuals alike. Spencer's proximity to nature and essential amenities adds to its appeal as a peaceful place to live.
Current Market Conditions in Spencer, SD
The real estate market in Spencer, SD, has shown some signs of growth in recent months, with an increase in home sales and property values. The small-town appeal attracts buyers looking for affordable housing options and a serene environment away from urban chaos. However, inventory remains limited, which can drive prices up as demand continues to outpace supply.
More buyers are considering Spencer as a viable option for relocation due to its affordability compared to larger cities in South Dakota. This has created a competitive market, particularly for well-maintained homes and properties that can accommodate families or individuals seeking more space.
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.
Learn more on Foreclosure homes
