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Is Spencer, WV 25276 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Spencer is a buyer’s market. With about 32 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply32Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market27Listing to accepted offer
Median price per sq ft$56▼ −39.3% vs. last year

The Spencer housing market right now

In the three months ending August 31, 2026, 0% of homes in Spencer, WV 25276 sold above their list price, the typical home went under contract in 27 days and there were 32 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (62 days then) and the median sale price fell 36% to $74,968. Overall, Spencer is less competitive than a year ago, which gives buyers more room.

Run the numbers for 25276

Prefilled for 25276Can I win this house?Multiple-offer likelihood for a listing Prefilled for 25276Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gandeeville 25243 — /sq ftLooneyville 25259 — /sq ftNewton 25266 $39 /sq ftReedy 25270 — /sq ft Browse all markets →

Towns like Spencer nearby

Find towns like Spencer in other states →
Sutton, WV26601 · 36 miles away90% similarsmaller Glenville, WV26351 · 29 miles away82% similarsmaller · younger residents Gassaway, WV26624 · 30 miles away78% similarsmaller · older residents Belle, WV25015 · 40 miles away78% similarsmaller · younger residents

Where Spencer is

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Questions about Spencer real estate

Is Spencer a buyer’s or seller’s market?

A buyer’s market: there were 32 months of supply in Spencer, WV 25276 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Spencer?

The typical home went under contract in 27 days in the latest three months.

Do homes in Spencer sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.

What are property taxes in Spencer?

About 0.44% of a home’s value a year in Roane County, or roughly $1,760 on a $400,000 home.

What is the median home price in Spencer?

The median sale price was $74,968 in the three months ending August 31, 2026, about $56 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology