Spencer, IA

There are many factors influencing the real estate market in Spencer, IA and its metropolitan statistical area (MSA). The following is a brief overview of some of the most important trends affecting the market.

The population of Spencer, IA and its MSA has been growing steadily for several years. This has led to increased demand for housing, which has driven up prices. The average sale price of a home in Spencer, IA was $180,000 in 2017, up from $170,000 in 2016. This trend is expected to continue as more people move to the area.

The number of homes available for sale in Spencer, IA has been declining in recent years. In 2017, there were only about 60 homes on the market, down from 80 in 2016. This decrease in inventory has made it difficult for buyers to find a home that meets their needs and budget. As a result, prices are likely to continue to rise as competition among buyers increases.