The Spencer housing market is somewhat competitive. The median sale price of a home in Spencer was $205K last month, up 16.5% since last year. The median sale price per square foot in Spencer is $129, up 9.3% since last year.
In May 2025, Spencer home prices were up 16.5% compared to last year, selling for a median price of $205K. On average, homes in Spencer sell after 50 days on the market compared to 36 days last year. There were 19 homes sold in May this year, up from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$205,000
+16.5% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Spencer, IA
$205,000
+16.5%
United States
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How hot is the Spencer housing market?
Spencer is somewhat competitive. Homes sell in 56 days.
0
100
51
Somewhat Competitive
Redfin Compete Score™
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 56 days.
Hot homes
can sell for about 1% above list price and go pending in around 41 days.
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.
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spencer has a minor risk of flooding. 324 properties in Spencer are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Spencer. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spencer has a moderate risk of wildfire. There are 5,416 properties in Spencer that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Spencer.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Spencer has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Spencer is most at risk from tornadoes. 5,439 properties in Spencer have some risk of being in a severe wind event within the next 30 years.