Spencer, IN Housing Market
The Spencer housing market is somewhat competitive. The median sale price of a home in Spencer was $193K last month, down 14.8% since last year. The median sale price per square foot in Spencer is $176, up 28.9% since last year.
Spencer Housing Market Trends
In May 2025, Spencer home prices were down 14.8% compared to last year, selling for a median price of $193K.
since last year
since last year

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How hot is the Spencer housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 33 days.
- Hot homescan sell for around list price and go pending in around 12 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 53 days.
- Hot homescan sell for around list price and go pending in around 32 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 38 days.
- Hot homescan sell for around list price and go pending in around 5 days.
Spencer Migration & Relocation Trends
View houses in Spencer that sold recently
Recently sold homes
- $172,400 Last Sold Price3 beds2 baths1,215 sq ft6806 Switchboard Rd, Spencer, IN 47460List Price$169,900Sale to List1% over listDays on Market372 days6806 Switchboard Rd, Spencer, IN 47460
- $166,500 Last Sold Price2 beds1 bath838 sq ft390 Lovers Ln, Spencer, IN 47460List Price$179,900Sale to List7% under listDays on Market248 days390 Lovers Ln, Spencer, IN 47460
- $300,000 Last Sold Price3 beds2.5 baths1,944 sq ft3270 Freedom Rd, Spencer, IN 47460List Price$325,000Sale to List8% under listDays on Market54 days3270 Freedom Rd, Spencer, IN 47460
- $135,000 Last Sold Price2 beds1 bath1,152 sq ft506 W Market St, Spencer, IN 47460List Price$139,900Sale to List4% under listDays on Market147 days506 W Market St, Spencer, IN 47460
- $175,000 Last Sold Price3 beds2 baths1,120 sq ft1369 Kelley Farm Pl, Spencer, IN 47460List Price$184,900Sale to List5% under listDays on Market273 days1369 Kelley Farm Pl, Spencer, IN 47460
- $150,000 Last Sold Price3 beds2 baths1,144 sq ft9106 State Hwy 246, Spencer, IN 47460List Price$149,900Sale to List0% over listDays on Market58 days9106 State Hwy 246, Spencer, IN 47460
- $195,000 Last Sold Price3 beds2 baths1,792 sq ft4598 Stansbury Pl, Spencer, IN 47460List Price$232,500Sale to List16% under listDays on Market39 days4598 Stansbury Pl, Spencer, IN 47460
- $525,000 Last Sold Price4 beds3.5 baths4,455 sq ft1010 River Rd, Spencer, IN 47460List Price$525,000Sale to List0% over listDays on Market400 days1010 River Rd, Spencer, IN 47460
See all recently sold homes in Spencer.
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Schools in Spencer
- Elementary
- Middle
- High
GreatSchools Rating
4/10 Spencer Elementary School Public • PreK-6 | 557 Students | 1 reviews |
Climate's impact on Spencer housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Spencer.
Flood Factor - Moderate
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Wind likelihood over time
Heat Factor - Moderate
Heat Factor

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