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SPENCER, VA 24165

Real Estate Market Report  ·  Patrick County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 75% vs 4 last year
Pending
3
43% pending ratio
Median Price
$321,579
⇩ 2.2% vs $328,725 last year
Average Price
$306,015
⇩ 8.5% vs $334,542 last year
Days on Market
74
⇧ 45.1% vs 51 days last year

Market Context

Population: 1,380  ·  Density: 13.1/mi²  ·  Median household income: $58,819

Typical home value: $126,660  ·  Homeownership: 76.2%

Market Analysis

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

The SPENCER, VA real estate market (24165) currently shows 7 active listings, with 3 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 51 days last year.

The median listing price has fallen 2.2% year-over-year, from $328,725 to $321,579.

Whether you are buying or selling in SPENCER, VA, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 4 last year
  • Days on market: 74 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $321,579 (-2.2% YoY)
  • Average: $306,015 (-8.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.6 miles — 357 listings ($97,939,843 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24165Spencer, VA 241650.0 mi7$2,142,105$321,579$306,015
27046Sandy Ridge, NC 270466.7 mi3$1,582,899$379,000$527,633
24089Fieldale, VA 240899.8 mi8$2,556,640$215,000$319,580
27027Mayodan, NC 2702710.2 mi14$3,041,780$229,450$217,270
27048Stoneville, NC 2704810.8 mi13$3,904,771$245,000$300,367
24168Stanleytown, VA 2416812.0 mi3$3,523,500$1,174,500$1,174,500
24055Bassett, VA 2405512.8 mi40$9,666,920$189,900$241,673
24112Martinsville, VA 2411214.9 mi126$26,130,636$180,000$207,386
27042Pine Hall, NC 2704216.7 mi1$234,000$234,000$234,000
27288Eden, NC 2728818.1 mi99$23,512,599$224,893$237,501
27052Walnut Cove, NC 2705218.8 mi30$14,927,340$312,950$497,578
24054Axton, VA 2405420.4 mi5$998,165$210,000$199,633
24088Ferrum, VA 2408821.6 mi8$5,718,488$399,900$714,811

Frequently Asked Questions

How many homes are for sale in SPENCER, VA 24165?

As of January 2026, there are 7 active listings in SPENCER, VA (zip code 24165), compared to 4 the prior year.

What is the median home price in SPENCER, VA 24165?

The median listing price in SPENCER, VA 24165 is $321,579 as of January 2026, a 2.2% decrease from $328,725 the prior year.

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

Homes in SPENCER, VA 24165 spend an average of 74 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in SPENCER, VA 24165?

Based on current inventory and days-on-market data as of January 2026, SPENCER, VA 24165 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 51 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPENCER, VA 24165 save an estimated $6,432 compared to a typical 5% commission on the median listing price of $321,579. 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.