Spencer, IA Housing Market
The Spencer housing market is not very competitive. The median sale price of a home in Spencer was $139K last month, down 16.2% since last year. The median sale price per square foot in Spencer is $107, down 14.4% since last year.
Spencer Housing Market Trends
In January 2025, Spencer home prices were down 16.2% compared to last year, selling for a median price of $139K. On average, homes in Spencer sell after 73 days on the market compared to 70 days last year. There were 10 homes sold in January this year, up from 5 last year.
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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
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 71 days.
- Hot homescan sell for about 1% below list price and go pending in around 43 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 3% below list price and go pending in around 82 days.
- Hot homescan sell for around list price and go pending in around 38 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 12 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 47 days.
- Hot homescan sell for around list price and go pending in around 11 days.
Spencer Migration & Relocation Trends
View houses in Spencer that sold recently
Recently sold homes
- $223,000 Last Sold Price2 beds2 baths1,393 sq ft1809 23rd Ave W #3, Spencer, IA 51301List Price$227,000Sale to List2% under listDays on Market43 days1809 23rd Ave W #3, Spencer, IA 51301
- $280,000 Last Sold Price4 beds2.5 baths1,872 sq ft814 W 10th St, Spencer, IA 51301List Price$325,000Sale to List14% under listDays on Market142 days814 W 10th St, Spencer, IA 51301
- $152,500 Last Sold Price4 beds2 baths1,715 sq ft102 Grandview Blvd, Spencer, IA 51301List Price$162,500Sale to List6% under listDays on Market328 days102 Grandview Blvd, Spencer, IA 51301
- $135,000 Last Sold Price3 beds1 bath1,296 sq ft34 W 1st St, Spencer, IA 51301List Price$135,000Sale to List0% over listDays on Market149 days34 W 1st St, Spencer, IA 51301
- $97,500 Last Sold Price3 beds2 baths1,584 sq ft214 8th St SE, Spencer, IA 51301List Price$139,000Sale to List30% under listDays on Market160 days214 8th St SE, Spencer, IA 51301
- $126,000 Last Sold Price3 beds2 baths1,763 sq ft512 West Ln, Spencer, IA 51301List Price$127,500Sale to List1% under listDays on Market102 days512 West Ln, Spencer, IA 51301
- $124,000 Last Sold Price3 beds1 bath1,290 sq ft819 E 7th St, Spencer, IA 51301List Price$124,000Sale to List0% over listDays on Market55 days819 E 7th St, Spencer, IA 51301
- $121,000 Last Sold Price3 beds1 bath882 sq ft217 1st St SW, Fostoria, IA 51340List Price$129,000Sale to List6% under listDays on Market107 days217 1st St SW, Fostoria, IA 51340
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 • 4-5 | 253 Students | N/A |
NR Johnson Elementary School Public • PreK-1 | 389 Students | 3 reviews |
NR Fairview Park Elementary School Public • 2-3 | 297 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.
Flood Factor - Minor
Flood Factor
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Fire Factor - Moderate
Fire Factor
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Wind Factor - Minor
Wind Factor
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Heat Factor - Minor
Heat Factor
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