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Featured local agent — Spiceland, IN
Sarah Mitchell
Compass Real Estate · Spiceland, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spiceland, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$188,950median sale price
How is the Spiceland, IN housing market right now?
The median home sale price in Spiceland, IN is $188,950, up 1.6% year-over-year. Homes sell in an average of 89 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spiceland a buyer's or seller's market?
Spiceland, IN is currently a seller's market, based on 0.5 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
89
Average pace
Active listings
1
0.5 months supply
Sale-to-list
98.8%
Below asking
What does the Spiceland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $188,950 |
| Median list price | $299,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 89 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spiceland by property type?
How the Spiceland, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $188,950 | $120/sq ft | 2 | 89 days |
Source: Redfin · Updated monthly
The Spiceland housing market is currently classified as a seller's market with a median sale price of $188,950. Prices have risen 1.6% compared to last year, with homes spending an average of 89 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Spiceland
There are currently 1 homes listed for sale in Spiceland, Indiana. The median listing price is $299K.
Active listings
1
Homes on market
Median list price
$299K
Avg. days on market
89
Days until sale
New this week
1
Newly listed
Who lives in Spiceland?
Population
896
Median income
$63,676/yr
Median age
32.6 years
Owner-occupied
74.5%
College grads
12.1%
Avg commute
27.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Spiceland?
Zillow home value
$213,733
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Spiceland?
Spiceland is a community of approximately 1K residents with a median age of 32.6 years.The median household income is $63,676, which represents a working-class community with solid middle-income opportunities. 12.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spiceland offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Spiceland, IN?
Want a head-to-head view? Compare Spiceland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spiceland?
The median home sale price in Spiceland is $188,950, up 1.6% from last year.
How long do homes stay on market in Spiceland?
Homes typically spend 89 days on market before going under contract.
What is the median income in Spiceland?
The median household income is $63,676 per year.
Is Spiceland a buyer's or seller's market?
With 0.5 months of supply, Spiceland is currently a seller's market.
What is the Zillow home value estimate for Spiceland?
The Zillow Home Value Index (ZHVI) for Spiceland is $213,733, representing the typical home value in the area.
How much does a single-family home cost in Spiceland?
The median single-family home price in Spiceland, IN is $188,950 (about $120 per square foot).
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