Spencer, IA Housing Market
The Spencer housing market is not very competitive. The median sale price of a home in Spencer was $144K last month, down 42.5% since last year. The median sale price per square foot in Spencer is $126, down 1.9% since last year.
Spencer Housing Market Trends
In February 2025, Spencer home prices were down 42.5% compared to last year, selling for a median price of $144K. On average, homes in Spencer sell after 135 days on the market compared to 76 days last year. There were 10 homes sold in February this year, up from 9 last year.

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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 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
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 59 days.
- Hot homescan sell for around list price and go pending in around 27 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 40 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
- $161,500 Last Sold Price3 beds1.5 baths1,232 sq ft314 7th St SW, Spencer, IA 51301List Price$159,900Sale to List1% over listDays on Market63 days314 7th St SW, Spencer, IA 51301
- $199,800 Last Sold Price3 beds1.5 baths1,252 sq ft1221 W 7th St, Spencer, IA 51301List Price$199,900Sale to List0% under listDays on Market225 days1221 W 7th St, Spencer, IA 51301
- $186,000 Last Sold Price3 beds2 baths1,657 sq ft7 Grandview Blvd, Spencer, IA 51301List Price$187,000Sale to List1% under listDays on Market82 days7 Grandview Blvd, Spencer, IA 51301
- $230,000 Last Sold Price2 beds2 baths1,451 sq ft1102 Saint Luke Dr #305, Spencer, IA 51301List Price$240,000Sale to List4% under listDays on Market196 days1102 Saint Luke Dr #305, Spencer, IA 51301
- $197,500 Last Sold Price3 beds2 baths1,896 sq ft811 3rd Ave SE, Spencer, IA 51301List Price$197,500Sale to List0% over listDays on Market46 days811 3rd Ave SE, Spencer, IA 51301
- $140,000 Last Sold Price8 beds3 baths3,862 sq ft309 W 6th St, Spencer, IA 51301List Price$149,000Sale to List6% under listDays on Market73 days309 W 6th St, Spencer, IA 51301
- $295,000 Last Sold Price3 beds1 bath—sq ft2455 310th St, Spencer, IA 51301List Price$299,000Sale to List1% under listDays on Market128 days2455 310th St, Spencer, IA 51301
- $103,000 Last Sold Price3 beds1.5 baths1,696 sq ft1515 3rd Ave Ave E, Spencer, IA 51301List Price$113,800Sale to List9% under listDays on Market155 days1515 3rd Ave Ave E, 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.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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