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SPENCER, NC 28159

Real Estate Market Report  ·  Rowan County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
21
⇩ 16% vs 25 last year
Pending
4
19% pending ratio
Median Price
$247,500
⇧ 1.3% vs $244,300 last year
Average Price
$246,439
⇧ 2.2% vs $241,074 last year
Days on Market
69
⇩ 17.9% vs 84 days last year

Market Context

Population: 2,954  ·  Density: 510.4/mi²  ·  Median household income: $60,449

Typical home value: $137,476  ·  Homeownership: 59.6%

Market Analysis

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

The SPENCER, NC real estate market (28159) currently shows 21 active listings, with 4 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 69 days on market compared to 84 days last year.

The median listing price has risen 1.3% year-over-year, from $244,300 to $247,500.

Whether you are buying or selling in SPENCER, NC, 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: 21 this year vs 25 last year
  • Days on market: 69 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $247,500 (+1.3% YoY)
  • Average: $246,439 (+2.2% 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 20.6 miles — 824 listings ($364,374,274 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28159Spencer, NC 281590.0 mi21$5,175,219$247,500$246,439
28144Salisbury, NC 281441.8 mi167$49,852,673$274,950$298,519
28146Salisbury, NC 281465.5 mi144$59,309,136$366,900$411,869
28041Faith, NC 280417.5 mi1$175,000$175,000$175,000
27054Woodleaf, NC 2705411.4 mi5$2,341,165$354,900$468,233
28023China Grove, NC 2802312.8 mi71$26,817,197$346,990$377,707
28071Gold Hill, NC 2807113.7 mi9$4,560,840$529,900$506,760
28088Landis, NC 2808814.4 mi18$7,282,206$310,000$404,567
27013Cleveland, NC 2701315.6 mi22$21,850,950$422,056$993,225
28137Richfield, NC 2813716.7 mi9$4,049,739$514,900$449,971
27028Mocksville, NC 2702817.7 mi76$33,752,132$349,590$444,107
28124Mount Pleasant, NC 2812420.3 mi30$17,130,060$490,000$571,002
28115Mooresville, NC 2811520.6 mi251$132,077,957$470,000$526,207

Frequently Asked Questions

How many homes are for sale in SPENCER, NC 28159?

As of January 2026, there are 21 active listings in SPENCER, NC (zip code 28159), compared to 25 the prior year.

What is the median home price in SPENCER, NC 28159?

The median listing price in SPENCER, NC 28159 is $247,500 as of January 2026, a 1.3% increase from $244,300 the prior year.

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

Homes in SPENCER, NC 28159 spend an average of 69 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in SPENCER, NC 28159?

Based on current inventory and days-on-market data as of January 2026, SPENCER, NC 28159 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 69 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPENCER, NC 28159 save an estimated $4,950 compared to a typical 5% commission on the median listing price of $247,500. 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.