Spencer, IN Housing Market

Homes for sale

The Spencer housing market is somewhat competitive. The median sale price of a home in Spencer was $175K last month, down 1.9% since last year. The median sale price per square foot in Spencer is $65, down 46.5% since last year.

Trends
Demand
Migration
Schools
Climate

Spencer Housing Market Trends

What is the housing market like in Spencer today?

In December 2024, Spencer home prices were down 1.9% compared to last year, selling for a median price of $175K.

$175K

Sale Price

-1.9%
since last year

$65

Sale $/Sq. Ft.

-46.5%
since last year

Under List Price

3.7%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Spencer and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Spencer add value to a home.

How hot is the Spencer housing market?

Spencer is somewhat competitive. Homes sell in 43 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 43 days.
Hot homes
can sell for around list price and go pending in around 12 days.

Compare With Nearby Cities

Bloomington

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 77 days.
Hot homes
can sell for around list price and go pending in around 41 days.

Martinsville

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 31 days.
Hot homes
can sell for around list price and go pending in around 10 days.

See more nearby cities and neighborhoods

Spencer Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Spencer that sold recently

Recently sold homes

SOLD JAN 3, 2025
$800,000 Last Sold Price
3 beds
1 bath
3,246 sq ft
3970 State Highway 46, Spencer, IN 47460
List Price
$800,000
Sale to List
0% over list
Days on Market
48 days
3970 State Highway 46, Spencer, IN 47460
SOLD JAN 3, 2025
$139,000 Last Sold Price
2 beds
1 bath
1,000 sq ft
6073 Old Cuba Rd, Spencer, IN 47460
List Price
$135,000
Sale to List
3% over list
Days on Market
51 days
6073 Old Cuba Rd, Spencer, IN 47460
SOLD DEC 31, 2024
$372,500 Last Sold Price
3 beds
2 baths
2,516 sq ft
2923 W State Highway 46, Spencer, IN 47460
List Price
$372,500
Sale to List
0% over list
Days on Market
0 days
2923 W State Highway 46, Spencer, IN 47460
SOLD DEC 27, 2024
$400,000 Last Sold Price
3 beds
1 bath
1,935 sq ft
8064 Vilas Rd, Spencer, IN 47460
List Price
$450,000
Sale to List
11% under list
Days on Market
141 days
8064 Vilas Rd, Spencer, IN 47460
SOLD DEC 20, 2024
$310,000 Last Sold Price
4 beds
2 baths
3,150 sq ft
216 N Park Ave, Spencer, IN 47460
List Price
$299,000
Sale to List
4% over list
Days on Market
21 days
216 N Park Ave, Spencer, IN 47460
SOLD DEC 20, 2024
$550,000 Last Sold Price
3 beds
2.5 baths
5,538 sq ft
6448 Old Cuba Rd, Spencer, IN 47460
List Price
$599,900
Sale to List
8% under list
Days on Market
114 days
6448 Old Cuba Rd, Spencer, IN 47460
SOLD DEC 18, 2024
$145,000 Last Sold Price
3 beds
2 baths
1,546 sq ft
60 W Clay St, Spencer, IN 47460
List Price
$150,000
Sale to List
3% under list
Days on Market
181 days
60 W Clay St, Spencer, IN 47460
SOLD DEC 13, 2024
$409,900 Last Sold Price
4 beds
2.5 baths
3,090 sq ft
3444 Hillside Ct, Spencer, IN 47460
List Price
$409,900
Sale to List
0% over list
Days on Market
126 days
3444 Hillside Ct, Spencer, IN 47460
See all recently sold homes in Spencer.
See listings

Schools in Spencer

Learn about schools in the Spencer area

Elementary
Middle
High

GreatSchools Rating

4/10

Spencer Elementary School

Public • PreK-6

584

Students

1 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

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.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

95% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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Spencer, IN Housing Market

Spencer Housing Market Trends

How hot is the Spencer housing market?

Spencer Migration & Relocation Trends

View houses in Spencer that sold recently

Recently sold homes

Schools in Spencer

GreatSchools Rating

Climate's impact on Spencer housing

Flood Factor - Minor

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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