The story of this market
The typical home in Spencer, West Virginia sells for about $139,500, or $105 per square foot.
Prices are up +6.8% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $870 a month.
Monthly price momentum
Home values since 2015
+8.9%
WV · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Spencer, West Virginia
Spencer's housing market is characterized by low inventory and modest price appreciation, with a median listing price of $139,500. The market remains balanced, though economic indicators such as high unemployment and lower-than-average household income suggest a cautious outlook for rapid growth. Data gaps exist regarding specific tax rates and school district performance metrics.
No ARED county foreclosure postings attributed to Spencer yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 6.8% year over year.
Homes spend a median of 82 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 16.5% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local recreational hub offering fishing, boating, and outdoor activities that serves as a primary amenity for residents.
The historic core of the city providing local retail and dining options that anchor the community's social and economic life.
Residents primarily rely on personal vehicles for commuting, with an average commute time of approximately 20.6 minutes.
The local economy is characterized by a small-town industrial and service mix with a high unemployment rate relative to state and national averages.
Data sourced from US Census Bureau and Data USA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.