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Featured local agent — Spencerville, OH
Sarah Mitchell
Compass Real Estate · Spencerville, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spencerville, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$139,950median sale price
How is the Spencerville, OH housing market right now?
The median home sale price in Spencerville, OH is $139,950. Homes sell in an average of 78 days with 4 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spencerville a buyer's or seller's market?
Spencerville, OH is currently a seller's market, based on 1.0 months of supply and homes selling in about 78 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
78
Average pace
Active listings
4
1.0 months supply
Sale-to-list
97.6%
Below asking
What does the Spencerville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $139,950 |
| Median list price | $189,000 |
| Average days on market | 78 days |
| Active inventory | 4 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 97.6% |
| Median price per sq ft | $97/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 3 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spencerville by property type?
How the Spencerville, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $139,950 | $97/sq ft | 4 | 78 days |
Source: Redfin · Updated monthly
The Spencerville housing market is currently classified as a seller's market with a median sale price of $139,950. Prices have fallen 0.0% compared to last year, with homes spending an average of 78 days on market, indicating 1.0 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Spencerville
There are currently 4 homes listed for sale in Spencerville, Ohio. The median listing price is $189K.
Active listings
4
Homes on market
Median list price
$189K
Avg. days on market
78
Days until sale
New this week
3
Newly listed
Who lives in Spencerville?
Population
2,120
Median income
$49,938/yr
Median age
35.3 years
Owner-occupied
63.8%
College grads
12.2%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Spencerville?
Zillow home value
$205,930
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Spencerville?
Spencerville is a community of approximately 2K residents with a median age of 35.3 years.The median household income is $49,938, which represents a working-class community with solid middle-income opportunities. 12.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.8%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spencerville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spencerville?
3 schools tracked · 1,018 students
The largest public schools serving Spencerville, OH 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.
Spencerville Elementary School
Grades K-4 · 369 students
Spencerville High School
Grades 9-12 · 358 students
Spencerville Middle School
Grades 5-8 · 291 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spencerville, OH?
Want a head-to-head view? Compare Spencerville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spencerville?
The median home sale price in Spencerville is $139,950, down 0.0% from last year.
How long do homes stay on market in Spencerville?
Homes typically spend 78 days on market before going under contract.
What is the median income in Spencerville?
The median household income is $49,938 per year.
Is Spencerville a buyer's or seller's market?
With 1.0 months of supply, Spencerville is currently a seller's market.
What is the Zillow home value estimate for Spencerville?
The Zillow Home Value Index (ZHVI) for Spencerville is $205,930, representing the typical home value in the area.
How much does a single-family home cost in Spencerville?
The median single-family home price in Spencerville, OH is $139,950 (about $97 per square foot).
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