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Foreclosure Homes in Spencer, WV

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Spencer, WV Foreclosures

How much do homes sell for in Spencer, WV?
The average home price is currently $133,740.
In Spencer, WV, how many homes are available?
There are currently 5 active home listings available in Spencer.
What’s the average rental cost in Spencer, WV?
The average rental price in Spencer is $897.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $1,016,805.
What is currently the cheapest priced home in Spencer, WV?
The cheapest home for sale in Spencer is priced at $6,264.

Living in Spencer, WV

Spencer, the county seat of Roane County, West Virginia, is a small yet vibrant town that offers a blend of rural charm and community spirit. Nestled in the heart of the Appalachian Mountains, Spencer is surrounded by picturesque landscapes and outdoor recreational opportunities. With a rich history and friendly atmosphere, this quaint town provides a welcoming environment for families and individuals alike.

Current Market Conditions in Spencer, WV

The real estate market in Spencer has shown steady growth over the past year, driven by an influx of new residents seeking affordable housing options in a rural setting. The average home price in the area remains below the national average, making it an attractive option for first-time homebuyers and families looking to settle down.

Current trends indicate an increasing demand for homes, which has resulted in a competitive market. Properties are often selling quickly, and the inventory remains limited, making it essential for buyers to act fast when they find a suitable listing.

Home Value Estimator For Spencer, WV

There are currently 2,098 real estate properties in Spencer, WV, with a median automated valuation model (AVM) price of $115,100.00. 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, WV, 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, WV, is $133,740.00, with the most expensive house in Spencer, WV, topping out at $1,016,805.00 and the cheapest home in Spencer, WV, clocking in at $6,264.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, WV!

Rent Prices In Spencer, WV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, WV, is on a rollercoaster ride. The average rent price in Spencer, WV, is $897.00. Indeed, when looking to rent in Spencer, WV, you can expect to pay as little as $430.00 or as much as $1,840.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Spencer, WV -- 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, WV Foreclosures


Market Trend for Spencer, WV

Total Listings Available: 5

Market Values:

Home Prices from $6,264 to $1,016,805

Average Sales Price: $133,740

Rental Values:

Rental from $430 to $1,840

Average Rent Value: $897 / month

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