Spencer, IA Housing Market
The Spencer housing market is somewhat competitive. The median sale price of a home in Spencer was $173K last month, up 10.7% since last year. The median sale price per square foot in Spencer is $131, up 8.3% since last year.
Spencer Housing Market Trends
In October 2025, Spencer home prices were up 10.7% compared to last year, selling for a median price of $173K. On average, homes in Spencer sell after 67 days on the market compared to 42 days last year. There were 10 homes sold in October this year, down from 23 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
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
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 53 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 1% below list price and go pending in around 66 days.
- Hot homescan sell for around list price and go pending in around 41 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
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 72 days.
- Hot homescan sell for about 1% below list price and go pending in around 37 days.
Spencer Migration & Relocation Trends
View houses in Spencer that sold recently
Recently sold homes
- $108,000 Last Sold Price3 beds1 bath1,470 sq ft26 W 1st St, Spencer, IA 51301List Price$123,000Sale to List12% under listDays on Market31 days26 W 1st St, Spencer, IA 51301
- $181,000 Last Sold Price4 beds1 bath1,567 sq ft615 E 13th St, Spencer, IA 51301List Price$189,000Sale to List4% under listDays on Market61 days615 E 13th St, Spencer, IA 51301
- $122,500 Last Sold Price2 beds1 bath796 sq ft910 E 5th St, Spencer, IA 51301List Price$125,900Sale to List3% under listDays on Market38 days910 E 5th St, Spencer, IA 51301
- $118,000 Last Sold Price2 beds1 bath1,080 sq ft1025 W 7th St, Spencer, IA 51301List Price$125,000Sale to List6% under listDays on Market67 days1025 W 7th St, Spencer, IA 51301
- $180,000 Last Sold Price2 beds1 bath952 sq ft518 E 13th St, Spencer, IA 51301List Price$180,000Sale to List0% over listDays on Market35 days518 E 13th St, Spencer, IA 51301
- $201,600 Last Sold Price2 beds1 bath1,096 sq ft3205 W 3rd St, Spencer, IA 51301List Price$204,900Sale to List2% under listDays on Market76 days3205 W 3rd St, Spencer, IA 51301
- $255,000 Last Sold Price3 beds2 baths1,808 sq ft1203 11th Ave SE, Spencer, IA 51301List Price$264,000Sale to List3% under listDays on Market50 days1203 11th Ave SE, Spencer, IA 51301
- $266,225 Last Sold Price4 beds3 baths2,560 sq ft1612 4th Ave SW, Spencer, IA 51301List Price$289,000Sale to List8% under listDays on Market46 days1612 4th Ave SW, 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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