Is Spencer, OK 73084 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Spencer is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list22.2%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market13Listing to accepted offer
Median price per sq ft$148▲ +34.2% vs. last year

The Spencer housing market right now

In the three months ending August 31, 2026, 22% of homes in Spencer, OK 73084 sold above their list price, the typical home went under contract in 13 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (20 days then) and the median sale price rose 22% to $179,922. Overall, Spencer is more competitive than a year ago, so tougher for buyers.

Within Oklahoma County, homes here sell faster than in 98% of the county’s ZIP codes, and sell more often over asking than in 77%.

Nearby, buyers who want less competition could look at Oklahoma City 73169 (0% sold over asking) or Oklahoma City 73149 (0% sold over asking), while Oklahoma City 73115 (40% sold over asking) and Oklahoma City 73128 (37% sold over asking) are even more competitive.

Nearby markets

Arcadia 73007Buyer’s market $230 /sq ftBethany 73008Seller’s market $139 /sq ftChoctaw 73020Seller’s market $176 /sq ftEdmond 73003Seller’s market $161 /sq ft Browse all markets →

Where Spencer is

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Questions about Spencer real estate

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

A balanced market: there were 5 months of supply in Spencer, OK 73084 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 13 days in the latest three months.

Do homes in Spencer sell over asking?

22% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.

What are property taxes in Spencer?

About 0.97% of a home’s value a year in Oklahoma County, or roughly $3,880 on a $400,000 home.

What is the median home price in Spencer?

The median sale price was $179,922 in the three months ending August 31, 2026, about $148 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