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SPENCER, MA 01562

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SPENCER, MA real estate market (01562) currently shows 10 active listings, with 3 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 53 days on market compared to 10 days last year.

The median listing price has fallen 8.9% year-over-year, from $419,950 to $382,400.

Whether you are buying or selling in SPENCER, MA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,955  ·  Density: 140.5/mi²  ·  Median household income: $76,225

Typical home value: $332,548  ·  Homeownership: 64.9%

Market Overview

Active Listings
10
⇩ 23.1% vs 13 last year
Pending
3
30% pending ratio
Median Price
$382,400
⇩ 8.9% vs $419,950 last year
Average Price
$412,162
⇩ 24.8% vs $547,792 last year
Days on Market
53
⇧ 430% vs 10 days last year

Price Per Square Foot

Median $/sqft
$279
⇩ 13.1% vs $321/sqft last year
Median Home Size
1,453 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 13 last year
  • Days on market: 53 now vs 10 last year

Median & Average Pricing

Year over Year
  • Median: $382,400 (-8.9% YoY)
  • Average: $412,162 (-24.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.0 miles — 125 listings ($64,384,648 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01562Spencer, MA 015620.0 mi12$5,960,748$464,925$496,729
01515East Brookfield, MA 015154.1 mi3$1,614,900$549,900$538,300
01542Rochdale, MA 015425.2 mi2$1,100,000$550,000$550,000
01506Brookfield, MA 015066.8 mi4$1,826,348$422,400$456,587
01603Worcester, MA 016037.6 mi12$5,227,524$428,500$435,627
01537North Oxford, MA 015377.8 mi4$1,362,284$324,450$340,571
01501Auburn, MA 015018.3 mi13$7,791,225$582,975$599,325
01609Worcester, MA 016098.8 mi14$8,784,258$634,900$627,447
01610Worcester, MA 016109.3 mi5$1,869,085$385,000$373,817
01543Rutland, MA 015439.6 mi25$12,723,175$498,000$508,927
01607Worcester, MA 0160710.4 mi4$2,426,560$624,950$606,640
01605Worcester, MA 0160510.8 mi16$7,672,928$485,950$479,558
01606Worcester, MA 0160611.0 mi11$6,025,613$559,900$547,783

Frequently Asked Questions

How many homes are for sale in SPENCER, MA 01562?

As of March 2026, there are 10 active listings in SPENCER, MA (zip code 01562), compared to 13 the prior year.

What is the median home price in SPENCER, MA 01562?

The median listing price in SPENCER, MA 01562 is $382,400 as of March 2026, a 8.9% decrease from $419,950 the prior year.

How long do homes stay on the market in SPENCER, MA?

Homes in SPENCER, MA 01562 spend an average of 53 days on the market before going under contract, compared to 10 days the prior year.

Is it a seller's or buyer's market in SPENCER, MA 01562?

Based on current inventory and days-on-market data as of March 2026, SPENCER, MA 01562 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 53 days on market compared to 10 days last year.

How much can I save on real estate commission in SPENCER, MA?

With SELL123.com's maximum 3% commission, sellers in SPENCER, MA 01562 save an estimated $7,648 compared to a typical 5% commission on the median listing price of $382,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.