The typical home value in
East Spencer
is projected to be
$224,680
for the month of
July.
June’s
finalized data reported the typical value of a home in the
city
to be
$222,450—down
5.3%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$284,000
in
Rowan County
for the most recent reporting period.
That number is expected to float around
$278,750
in
July.
East Spencer
had
22
active listings in
June,
including
4
new listings. Overall, active listings were
up
15.79%
from the previous month.
Of those
22
active listings,
18.18%
reduced their price in the month of
June.
The median listing price for homes in
East Spencer
fell
25.55%
from
May
to
June,
bringing the current median listing price to
$174,950.
Based on projected data for
July,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
June 2025,
the median time for a listed property to go pending was
4
days, compared to
-43
days in
June 2024.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
July.
