Spencer, IA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Spencer, IA is $105,250, down 26.8% year-over-year. Homes sell in an average of 79 days with 46 active listings. The market is currently a leaning buyer's.
$105,250median sale price
Is Spencer a buyer's or seller's market?
Spencer, IA is currently a leaning buyer's, based on 7.7 months of supply and homes selling in about 79 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
79
Average pace
Active listings
46
7.7 months supply
Sale-to-list
103.2%
Above asking
Spencer, IA market data
| Metric | Value |
|---|---|
| Median sale price | $105,250 |
| Median list price | $258,450 |
| Year-over-year price change | -26.8% |
| Average days on market | 79 days |
| Active inventory | 46 listings |
| Months of supply | 7.7 months |
| Sale-to-list price ratio | 103.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Spencer housing market is currently classified as a leaning buyer's with a median sale price of $105,250. Prices have fallen 26.8% compared to last year, with homes spending an average of 79 days on market, indicating 7.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Spencer
There are currently 46 homes listed for sale in Spencer, Iowa. The median listing price is $258K.
Active listings
46
Homes on market
Median list price
$258K
Avg. days on market
79
Days until sale
New this week
14
Newly listed
Top public schools in Spencer
5 schools tracked · 2,161 students
The largest public schools serving Spencer, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Spencer High School
Grades 9-12 · 718 students
Spencer Middle School
Grades 6-8 · 502 students
Lincoln Elementary School
Grades 3-5 · 462 students
Fairview Park Elementary
Grades 1-2 · 262 students
Johnson Elementary
Grades PK-K · 217 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Spencer?
The median home sale price in Spencer is $105,250, down 26.8% from last year.
How long do homes stay on market in Spencer?
Homes typically spend 79 days on market before going under contract.
Is Spencer a buyer's or seller's market?
With 7.7 months of supply, Spencer is currently a leaning buyer's.
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