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SPENCERVILLE, IN 46788

Real Estate Market Report  ·  DeKalb County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The SPENCERVILLE, IN real estate market (46788) currently shows 6 active listings, with 1 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 28 days on market compared to 45 days last year.

The median listing price has fallen 0% year-over-year, from $522,475 to $522,425.

Whether you are buying or selling in SPENCERVILLE, IN, 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: 4,099  ·  Density: 45.8/mi²  ·  Median household income: $94,784

Typical home value: $221,194  ·  Homeownership: 95.8%

Market Overview

Active Listings
6
⇧ 50% vs 4 last year
Pending
1
17% pending ratio
Median Price
$522,425
vs $522,475 last year
Average Price
$439,875
⇩ 16.9% vs $529,125 last year
Days on Market
28
⇩ 37.8% vs 45 days last year

Price Per Square Foot

Median $/sqft
$199
⇩ 6.1% vs $212/sqft last year
Median Home Size
2,506 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 4 last year
  • Days on market: 28 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $522,425 (+-0% YoY)
  • Average: $439,875 (-16.9% 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 17.8 miles — 330 listings ($120,200,577 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46788Spencerville, IN 467880.0 mi2$1,599,800$799,900$799,900
46741Grabill, IN 467414.6 mi7$2,362,969$337,975$337,567
46765Leo, IN 467657.3 mi28$15,078,056$467,425$538,502
43526Hicksville, OH 435269.7 mi9$1,232,847$125,425$136,983
46721Butler, IN 4672110.8 mi16$3,546,832$161,750$221,677
46835Fort Wayne, IN 4683510.9 mi100$31,460,600$294,925$314,606
46738Garrett, IN 4673812.4 mi18$4,709,448$258,650$261,636
46748Huntertown, IN 4674813.5 mi73$37,606,315$391,150$515,155
46815Fort Wayne, IN 4681513.9 mi60$17,250,240$263,075$287,504
43517Edgerton, OH 4351715.0 mi6$2,088,000$318,300$348,000
43520Farmer, OH 4352016.1 mi1$126,500$126,500$126,500
45880Payne, OH 4588016.7 mi5$1,439,345$242,910$287,869
43556Sherwood, OH 4355617.8 mi5$1,699,625$339,925$339,925

Frequently Asked Questions

How many homes are for sale in SPENCERVILLE, IN 46788?

As of June 2026, there are 6 active listings in SPENCERVILLE, IN (zip code 46788), compared to 4 the prior year.

What is the median home price in SPENCERVILLE, IN 46788?

The median listing price in SPENCERVILLE, IN 46788 is $522,425 as of June 2026, a 0% increase from $522,475 the prior year.

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

Homes in SPENCERVILLE, IN 46788 spend an average of 28 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in SPENCERVILLE, IN 46788?

Based on current inventory and days-on-market data as of June 2026, SPENCERVILLE, IN 46788 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 28 days on market compared to 45 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPENCERVILLE, IN 46788 save an estimated $10,449 compared to a typical 5% commission on the median listing price of $522,425. 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.