From January through March of 2022, there were three homes sold, with a median sale price of $480,000 - a 33.6% increase over the $359,250 median sale price for the same period of the previous year. There were two homes sold in Spencer in the first quarter of 2021.
The median sales tax in Spencer for the most recent year with available data, 2019, was $6,984, approximately 1.5% of the median home sale price for the first quarter of 2022.
The following table compares Spencer to other Will County cities with similar median sale prices in the first quarter of 2022:
| City | Jan. - Mar. 2022 Home Sales | Jan. - Mar. 2021 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2022 Median Sales Price | Jan. - Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Naperville | 131 | 166 | -21.1% | $525,000 | $487,500 | 7.7% |
| Graver Country Estates | 1 | 2 | -50% | $491,250 | $381,750 | 28.7% |
| Spencer | 3 | 2 | 50% | $480,000 | $359,250 | 33.6% |
| Frankfort | 111 | 108 | 2.8% | $464,900 | $424,500 | 9.5% |
| Homer Glen | 83 | 72 | 15.3% | $385,000 | $382,000 | 0.8% |
| Plainfield | 166 | 171 | -2.9% | $375,000 | $310,000 | 21% |
| Mokena | 73 | 75 | -2.7% | $375,000 | $325,000 | 15.4% |
| Minooka | 6 | 7 | -14.3% | $361,000 | $315,000 | 14.6% |
| Willowbrook | 7 | 5 | 40% | $350,000 | $300,000 | 16.7% |
| New Lenox | 114 | 124 | -8.1% | $328,950 | $279,750 | 17.6% |
| Shorewood | 70 | 57 | 22.8% | $326,500 | $265,500 | 23% |
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