Spencer, IA
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's stabilizing Spencer market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Spencer, IA.
The Spencer, IA market is assessed as Stabilizing, primarily indicated by a pending ratio of 0.55. This suggests a balanced absorption of available inventory, aligning with a market that is neither rapidly expanding nor contracting.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Spencer market right now.
Active listings have seen a notable increase of 12.5% year-over-year, alongside a significant 44.4% rise in new listings over the past year. Concurrently, the median listing price has experienced a modest decline of 1.7% year-over-year, while the median days on market have extended by 53.4% over the same period, signaling a slower pace of transactions. The pending ratio saw a slight year-over-year increase of 1.5%, settling at 0.55 in the most recent data.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio indicating balanced demand absorption, the negotiating leverage in the Spencer market suggests a more even playing field. The expanding inventory levels and longer days on market imply that price discipline may become a more significant factor for sellers, while buyers may encounter more selection and less urgency in transaction timelines.
The average listing price has declined by 9.3% year-over-year, significantly underperforming the median listing price, which fell by 1.7% over the past year. This divergence, coupled with a 4.3% year-over-year decrease in median $/sqft, suggests some softening within the higher-priced segments of the market. Overall, the spread between average and median pricing warrants observation.
54 active listings represent the current floor, with new supply arriving at roughly 26 per month.
of active listings carry a price reduction, -6.7% from prior period.
Median price per square foot has moved -4.3% year-over-year.
Pending-to-active ratio — Stabilizing.
Recommended For This Market
StabilizingSelling in Spencer, IA? Homes here are taking 23 days longer to sell than last year.
Spencer, IA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 55%
- Median Days on Market
- 67 days
- Inventory YoY
- +13%
Spencer, IA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
ZIPs in Spencer, IA
51360
spirit lake
$579K
78 active · 47 DOM
51331
arnolds park
$577K
59 active · 82 DOM
51301
spencer
$215K
44 active · 60 DOM
51355
okoboji
$284K
37 active · 47 DOM
51351
milford
$599K
32 active · 66 DOM
51334
estherville
$250K
14 active · 138 DOM
51346
hartley
$134K
13 active · 78 DOM
51347
lake park
$347K
13 active · 59 DOM
51358
ruthven
$155K
7 active · 156 DOM
51342
graettinger
$155K
5 active · 34 DOM
51354
ocheyedan
$296K
5 active · 39 DOM
51365
wallingford
$415K
3 active · 141 DOM
51366
webb
$93K
3 active · 78 DOM
51340
fostoria
$197K
2 active · 84 DOM
51341
gillett grove
$250K
1 active · 71 DOM
51345
harris
$499K
1 active · 161 DOM
51350
melvin
$46K
1 active · 30 DOM
51364
terril
$55K
1 active · 120 DOM
Sorted by active inventory · click a ZIP for its full report