In May 2017, there were three homes sold, with a median sale price of $330,893 - a 0.1% decrease over the $331,237 median sale price for the same period of the previous year. There were two homes sold in Spencer in May 2016.
The median sales tax in Spencer for 2017 was $6,025.51. In 2016, the median sales tax was $5,485. This marks an increase of 9.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.
The following table compares Spencer to other Will County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Naperville | 73 | 66 | 10.6% | $415,000 | $417,200 | -0.5% |
| River Edge Estates | 1 | 0 | - | $385,000 | $0 | - |
| Spencer | 3 | 2 | 50% | $330,893 | $331,237 | -0.1% |
| Frankfort | 41 | 35 | 17.1% | $328,500 | $335,000 | -1.9% |
| Homer Glen | 33 | 34 | -2.9% | $325,000 | $291,450 | 11.5% |
| Mokena | 24 | 26 | -7.7% | $312,400 | $192,450 | 62.3% |
| Brook Crossings Estates | 2 | 0 | - | $282,000 | $0 | - |
| Tinley Park | 14 | 11 | 27.3% | $279,000 | $300,000 | -7% |
| New Lenox | 52 | 40 | 30% | $270,675 | $259,450 | 4.3% |
| Wheatland View | 1 | 1 | 0% | $265,000 | $377,000 | -29.7% |
| Plainfield | 83 | 66 | 25.8% | $262,340 | $249,450 | 5.2% |
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