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SPENCERVILLE, OH 45887

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SPENCERVILLE, OH real estate market (45887) currently shows 8 active listings, with 6 pending sales. Homes are averaging 117 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 117 days on market compared to 100 days last year.

The median listing price has fallen 2.1% year-over-year, from $245,000 to $239,950.

Whether you are buying or selling in SPENCERVILLE, OH, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,404  ·  Density: 24.4/mi²  ·  Median household income: $59,484

Typical home value: $164,293  ·  Homeownership: 75.8%

Market Overview

Active Listings
8
vs 8 last year
Pending
6
75% pending ratio
Median Price
$239,950
⇩ 2.1% vs $245,000 last year
Average Price
$239,950
⇩ 25.1% vs $320,414 last year
Days on Market
117
⇧ 17% vs 100 days last year

Price Per Square Foot

Median $/sqft
$152
⇩ 3.2% vs $157/sqft last year
Median Home Size
1,511 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 117 now vs 100 last year

Median & Average Pricing

Year over Year
  • Median: $239,950 (-2.1% YoY)
  • Average: $239,950 (-25.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.6 miles — 190 listings ($52,591,599 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
45887Spencerville, OH 458870.0 mi10$1,767,700$117,425$176,770
45819Buckland, OH 458198.1 mi1$249,500$249,500$249,500
45885Saint Marys, OH 458859.7 mi31$7,282,489$163,475$234,919
45807Lima, OH 4580712.2 mi38$16,415,088$264,975$431,976
45809Gomer, OH 4580913.0 mi1$130,000$130,000$130,000
45895Wapakoneta, OH 4589514.8 mi30$10,375,650$299,900$345,855
45871New Knoxville, OH 4587115.4 mi2$824,800$412,400$412,400
45876Ottoville, OH 4587615.5 mi1$270,000$270,000$270,000
45888Uniopolis, OH 4588816.4 mi2$319,800$159,900$159,900
45882Rockford, OH 4588216.5 mi6$3,008,928$307,000$501,488
45874Ohio City, OH 4587417.3 mi4$839,332$212,500$209,833
45801Lima, OH 4580117.6 mi56$8,644,608$145,375$154,368
45830Columbus Grove, OH 4583019.6 mi8$2,463,704$243,675$307,963

Frequently Asked Questions

How many homes are for sale in SPENCERVILLE, OH 45887?

As of March 2026, there are 8 active listings in SPENCERVILLE, OH (zip code 45887), compared to 8 the prior year.

What is the median home price in SPENCERVILLE, OH 45887?

The median listing price in SPENCERVILLE, OH 45887 is $239,950 as of March 2026, a 2.1% decrease from $245,000 the prior year.

How long do homes stay on the market in SPENCERVILLE, OH?

Homes in SPENCERVILLE, OH 45887 spend an average of 117 days on the market before going under contract, compared to 100 days the prior year.

Is it a seller's or buyer's market in SPENCERVILLE, OH 45887?

Based on current inventory and days-on-market data as of March 2026, SPENCERVILLE, OH 45887 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 117 days on market compared to 100 days last year.

How much can I save on real estate commission in SPENCERVILLE, OH?

With SELL123.com's maximum 3% commission, sellers in SPENCERVILLE, OH 45887 save an estimated $4,799 compared to a typical 5% commission on the median listing price of $239,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.