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SPENCERVILLE, OH 45887

Real Estate Market Report  ·  Allen County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
⇩ 7.7% vs 13 last year
Pending
6
50% pending ratio
Median Price
$129,900
⇩ 51.6% vs $268,425 last year
Average Price
$202,114
⇩ 33.4% vs $303,331 last year
Days on Market
54
⇩ 3.6% vs 56 days last year

Market Context

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

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

Market Analysis

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

The SPENCERVILLE, OH real estate market (45887) currently shows 12 active listings, with 6 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 54 days on market compared to 56 days last year.

The median listing price has fallen 51.6% year-over-year, from $268,425 to $129,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 13 last year
  • Days on market: 54 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $129,900 (-51.6% YoY)
  • Average: $202,114 (-33.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.6 miles — 274 listings ($61,662,353 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
45887Spencerville, OH 458870.0 mi12$2,425,368$129,900$202,114
45819Buckland, OH 458198.1 mi1$271,250$271,250$271,250
45833Delphos, OH 458338.5 mi16$3,464,528$202,500$216,533
45805Lima, OH 4580510.6 mi65$15,899,650$198,500$244,610
45806Lima, OH 4580612.7 mi31$9,849,320$296,450$317,720
45863Middle Point, OH 4586314.2 mi2$237,700$118,850$118,850
45844Fort Jennings, OH 4584414.8 mi1$217,500$217,500$217,500
45804Lima, OH 4580415.4 mi46$7,712,498$117,950$167,663
45891Van Wert, OH 4589115.9 mi43$9,489,025$197,450$220,675
45888Uniopolis, OH 4588816.4 mi3$479,700$159,900$159,900
45882Rockford, OH 4588216.5 mi7$3,295,460$302,000$470,780
45874Ohio City, OH 4587417.3 mi3$418,350$139,450$139,450
45801Lima, OH 4580117.6 mi44$7,902,004$159,000$179,591

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in SPENCERVILLE, OH (zip code 45887), compared to 13 the prior year.

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

The median listing price in SPENCERVILLE, OH 45887 is $129,900 as of January 2026, a 51.6% decrease from $268,425 the prior year.

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

Homes in SPENCERVILLE, OH 45887 spend an average of 54 days on the market before going under contract, compared to 56 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 January 2026, SPENCERVILLE, OH 45887 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 56 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 $2,598 compared to a typical 5% commission on the median listing price of $129,900. 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.