Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 3 |
Acreage buckets
The median price for land in Spencer, Virginia is currently $5K per acre. For a typical parcel, the median sale price is $13K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $11K while premium lots reached $22K.
The median land price in Spencer, Virginia stands at $13K. This translates to roughly $5K per acre for the typical parcel size. The average price is $16K, indicating some higher-priced properties pulling up the average.
Land in Spencer, Virginia typically sells within 62 days of listing. The median time on market is 62 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Spencer, Virginia saw 3 properties sold, totaling $48K in sales volume.
The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Spencer, Virginia averages $6K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 3.7 acres.
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.
