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 accelerated 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 housing market is currently exhibiting accelerated conditions, with a pending ratio of 0.60, reflecting strong demand. This suggests properties are moving through the market at a faster rate, despite a month-over-month decrease of 0.6% in the median listing price. Inventory remains limited, contributing to the competitive environment.
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.
The market is characterized by a pending ratio of 0.60, which represents a year-over-year increase of 21.0%, indicating a strengthening demand. Active listings have seen a modest year-over-year increase of 5.9%, totaling 54 units, while new listings have sharply contracted by 46.7% year-over-year. Median days on market increased by 12.7% year-over-year, reaching 62 days, yet the high pending ratio suggests sustained buyer interest despite longer market durations.
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
Negotiating leverage favors timely action, driven by strong absorption evidenced by the 0.60 pending ratio. While active listings have seen a slight year-over-year increase, the significant decline in new listings year-over-year contributes to persistent inventory pressure. This environment supports price discipline for accurately positioned properties, even as median days on market have extended.
No distinct luxury-segment signal in this dataset.
54 active listings represent the current floor, with new supply arriving at roughly 16 per month.
of active listings carry a price reduction, +9.0% from prior period.
Median price per square foot has moved -3.5% year-over-year.
Pending-to-active ratio — Accelerated.
Recommended For This Market
AcceleratedSelling in Spencer, IA? Homes here are taking 7 days longer to sell than last year.
Demand in Spencer, IA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 60%
- Median Days on Market
- 62 days
- Inventory YoY
- +6%
Demand is strong in Spencer, IA. Check your Sold Score before you price — conditions this favorable don't hold forever.
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Metro Demographics
ZIPs in Spencer, IA
51360
spirit lake
$599K
96 active · 57 DOM
51331
arnolds park
$585K
48 active · 73 DOM
51301
spencer
$224K
44 active · 63 DOM
51351
milford
$649K
38 active · 64 DOM
51355
okoboji
$269K
30 active · 80 DOM
51334
estherville
$154K
15 active · 22 DOM
51346
hartley
$202K
12 active · 114 DOM
51347
lake park
$407K
8 active · 81 DOM
51358
ruthven
$118K
6 active · 102 DOM
51342
graettinger
$169K
5 active · 44 DOM
51354
ocheyedan
$743K
4 active · 89 DOM
51357
royal
$247K
3 active · 42 DOM
51340
fostoria
$177K
2 active · 64 DOM
51338
everly
$137K
2 active · 41 DOM
51365
wallingford
$224K
2 active · 204 DOM
51366
webb
$55K
1 active · 114 DOM
51364
terril
$55K
1 active · 180 DOM
51345
harris
$275K
1 active · 43 DOM
Sorted by active inventory · click a ZIP for its full report