Spencer, VA Foreclosures
How much do homes sell for in Spencer, VA?
The average home price is currently $175,329.
What’s the average rental cost in Spencer, VA?
The average rental price in Spencer is $925.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $2,425,976.
What is currently the cheapest priced home in Spencer, VA?
The cheapest home for sale in Spencer is priced at $11,066.
Living in Spencer, VA
Spencer, Virginia is a quaint and welcoming small town perfect for those who appreciate a peaceful lifestyle surrounded by nature. With its friendly community atmosphere, local amenities, and excellent schools, Spencer attracts families, retirees, and outdoor enthusiasts alike. Residents enjoy easy access to recreational activities while remaining close to larger urban areas for shopping and entertainment.
Current Market Conditions in Spencer, VA
The real estate market in Spencer, VA has shown steady growth over the past few months, with an increase in demand for single-family homes. Buyers are increasingly drawn to the area due to its affordable housing options and the beauty of the surrounding nature, leading to a balanced market with opportunities for both buyers and sellers.
In recent years, Spencer has experienced a shift towards more suburban living, with many individuals and families seeking homes outside of larger urban centers. The appeal of town life combined with proximity to amenities has driven up interest in local real estate. Home prices are starting to reflect this increased demand, though many options remain accessible for first-time buyers.
Home Value Estimator For Spencer, VA
There are currently 631 real estate properties
in Spencer, VA,
with a median automated valuation model (AVM) price
of $152,473.00. 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, VA, 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, VA,
is $175,329.00, with the most expensive house
in Spencer, VA, topping out
at $2,425,976.00 and the cheapest home
in Spencer, VA,
clocking in at $11,066.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencer, VA!
Rent Prices
In Spencer, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencer, VA, is on
a rollercoaster ride. The
average rent price in Spencer, VA,
is $925.00. Indeed, when looking to rent in
Spencer, VA, you can expect to pay as little
as $530.00 or as much
as $1,840.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Spencer, VA
-- 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
