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Homes for Sale Under 400K in Spencer, IN

80 Homes for Sale

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Spencer, IN Housing Market Overview

Spencer is a balanced market, giving buyers and sellers room to negotiate. With 7 months of supply and homes averaging 60 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

60

Inventory

80

Aug 2021Dec 2023Jan 2026

Median Home Price

$190,000Down 0.00%

In Jan 2026 · YoY

Aug 2021Dec 2023Jan 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
80 Down 0.00%
Newly Listed Homes
2 Down 0.00%
Months of Supply
7 Down 0.00%

Housing Demand

Homes Sold
1 Down 0.00%
Sale-to-List Ratio
86.8% Down 0.00%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Jan 2026 · Source: Houzeo Research.

View Full Spencer Market Report
  • mls-img
    Based on information from MIBOR REALTOR® Association through Sep 13, 2026, 7:45 AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
  • mls-imgIDX Logo
    IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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Spencer, IN Housing Marketlink qauare
Homes Available icon

80

Homes Available

Median List Price icon

$ 190,000

Median List Price

Avg on Market icon

60 Days

Avg on Market

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