Spencer, IA Housing Market
The Spencer housing market is not very competitive. The median sale price of a home in Spencer was $181K last month, up 25.3% since last year. The median sale price per square foot in Spencer is $118, down 0.42% since last year.
Spencer Housing Market Trends
In November 2025, Spencer home prices were up 25.3% compared to last year, selling for a median price of $181K. On average, homes in Spencer sell after 39 days on the market compared to 40 days last year. There were 14 homes sold in November this year, down from 15 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 3 months
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 55 days.
- Hot homescan sell for around list price and go pending in around 34 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 3% below list price and go pending in around 64 days.
- Hot homescan sell for around list price and go pending in around 36 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 6 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 69 days.
- Hot homescan sell for about 2% below list price and go pending in around 28 days.
Spencer Migration & Relocation Trends
View houses in Spencer that sold recently
Recently sold homes
- $229,000 Last Sold Price3 beds2 baths1,526 sq ft2124 11th Ave SW, Spencer, IA 51301List Price$229,900Sale to List0% under listDays on Market178 days2124 11th Ave SW, Spencer, IA 51301
- $232,000 Last Sold Price3 beds1.5 baths2,178 sq ft518 W 4th St, Spencer, IA 51301List Price$232,000Sale to List0% over listDays on Market32 days518 W 4th St, Spencer, IA 51301
- $143,000 Last Sold Price3 beds1.5 baths1,864 sq ft612 W 4th St, Spencer, IA 51301List Price$149,900Sale to List5% under listDays on Market170 days612 W 4th St, Spencer, IA 51301
- $165,000 Last Sold Price3 beds1 bath1,588 sq ft809 E 8th Ave E, Spencer, IA 51301List Price$165,000Sale to List0% over listDays on Market60 days809 E 8th Ave E, Spencer, IA 51301
- $142,500 Last Sold Price3 beds2 baths1,288 sq ft611 E 17th St, Spencer, IA 51301List Price$159,900Sale to List11% under listDays on Market217 days611 E 17th St, Spencer, IA 51301
- $34,000 Last Sold Price3 beds2 baths1,216 sq ft2106 1st Ave E #46, Spencer, IA 51301List Price$37,000Sale to List8% under listDays on Market57 days2106 1st Ave E #46, Spencer, IA 51301
- $152,500 Last Sold Price4 beds2 baths1,080 sq ft118 5th Ave SW, Fostoria, IA 51340List Price$175,000Sale to List13% under listDays on Market75 days118 5th Ave SW, Fostoria, IA 51340
- $158,000 Last Sold Price3 beds2 baths1,940 sq ft1620 4th Ave E, Spencer, IA 51301List Price$155,000Sale to List2% over listDays on Market57 days1620 4th Ave E, Spencer, IA 51301
See all recently sold homes in Spencer.
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Schools in Spencer
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Lincoln Elementary School Public • 3-5 | 467 Students | N/A |
NR Johnson Elementary School Public • PreK-K | 229 Students | 3 reviews |
NR Fairview Park Elementary School Public • 1-2 | 308 Students | N/A |
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.
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