Property prices for sale in Spencer (Tennessee)
The prices in real estate in Spencer, in the Tennessee region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Spencer has increased strongly during the last 6 months. In November, the average price per sq.feet was $4,759. In the following month the price per sq.feet decreased considerably to $2,108. The price for the following two months in (January, February) had a considerable increment of 131 %. The price per sq.feet has had a considerable increase of 242 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3,959.25 to $9,600 during March, and April.
Based upon to the price in Spencer (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $246,180. In December This price remains at $242,707. During the following two months (January, February) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $269,165.25 to $235,586 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $252,129 they are 14 % more affordable than the average price for Spencer. The properties with the highest average price have 1 bedroom, Their price is 124 % more costly than the average. After that we have properties with 3 bedrooms priced at $296,617.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $8,465 / sq.feet price in Spencer. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 2 bedrooms with a price at $194 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $252,129 it is 67 % cheaper than the average price in Spencer. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $83,616 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $164 / sq.feet followed by "Land" priced at $20,148 / sq.feet. "Land" is the most costly type of property with a $20,148 / sq.feet cost followed by "House" with an average price of $164 / sq.feet.
