October's First-Time Homebuyer Report for Spencer

Spencer is much older than the rest of Massachusetts, with a median age of 38. It's much less affluent than average as well, with a median income of $43,301 per household. The Spencer market is almost exclusively made up of detached houses, which currently account for 96% of the homes for sale in the area. The best school in the city is Lake Street.

Price Range

Homes in Spencer are generally less expensive than others in the state with a median home value of $170,900 and an average list price of $178,701.

Out of all the listings in Spencer, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$599K   $166K   $245K  

Typical Dwelling

The typical dwelling in Spencer is a three-bedroom detached home worth about $189,237. To purchase a similar home, a buyer with good credit and a $37,847 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,031 monthly payment. The property tax rate is $13.23 per $1,000 of taxable assessed value.

Get started right now by checking out Spencer homes for sale or reviewing Spencer real estate trends.


Data reported through 10/13/2016

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Coldwell Banker Residential Brokerage - Shrewsbury
Snapped 1 home in this area
XSell Realty, LLC
Snapped 1 home in this area
RE/MAX Advantage 1
Snapped 1 home in this area

Agents that specialize in this area
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