The housing market in Spencer, ND is thriving! The median value of houses in the area is $311,700, which is slightly lower than the US house median value of $338,100. In the past year, there has been a 8.27% appreciation in house prices nationally. However, Spencer, ND experienced an even greater 9.41% appreciation in house prices during the same period of time. This demonstrates a robust housing market with consistently increasing values and appreciation rates that are higher than the national average.
The median home cost in Spencer is $311,700. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Spencer is up 10.5%.
Average Age of Homes
- The median age of Spencer real estate is 62 years old
The Rental Market in Spencer
- Renters make up 0.0% of the Spencer population
- 0.0% of houses and apartments in Spencer, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.