Is Spencer, MA 01562 a buyer’s or seller’s market?

The Spencer housing market right now

In the three months ending August 31, 2026, 51% of homes in Spencer, MA 01562 sold above their list price, the typical home went under contract in 26 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 38 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (52% then), homes sold more slowly (21 days then) and the median sale price rose 3% to $434,812. Overall, Spencer is about as competitive as it was a year ago.

Within Worcester County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 66%. On our competition score, Spencer ranks #221 of 362 MA ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at Fayville 01745 (0% sold over asking) or Worcester 01608 (0% sold over asking), while Leicester 01524 (80% sold over asking) and Cherry Valley 01611 (71% sold over asking) are even more competitive.