Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 2 | 2 |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 3 | 6 | 8 |
Acreage buckets
The median price for land in Spencer, New York is currently $5K per acre. For a typical parcel, the median sale price is $76K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $39K while premium lots reached $266K.
Spencer, New York is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Spencer, New York currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The median land price in Spencer, New York stands at $76K. This translates to roughly $5K per acre for the typical parcel size. The average price is $118K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Spencer, New York is 16.7%. The 12-month rate is 11.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Spencer, New York typically sells within 92 days of listing. The median time on market is 62 days. Properties are moving at a moderate pace in the current balanced market.
Over the past 12 months, Spencer, New York saw 8 properties sold, totaling $942K in sales volume. In just the last 3 months, 3 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
