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SPENCERVILLE, IN 46788

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

Market Overview

Active Listings
4
⇩ 20% vs 5 last year
Pending
1
25% pending ratio
Median Price
$799,900
⇧ 45.3% vs $550,375 last year
Average Price
$644,933
⇩ 11.5% vs $728,703 last year
Days on Market
45
⇩ 23.7% vs 59 days last year

Market Context

Population: 4,099  ·  Density: 45.8/mi²  ·  Median household income: $94,784

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

Market Analysis

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

The SPENCERVILLE, IN real estate market (46788) currently shows 4 active listings, with 1 pending sales. Homes are averaging 45 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 45 days on market compared to 59 days last year.

The median listing price has risen 45.3% year-over-year, from $550,375 to $799,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 5 last year
  • Days on market: 45 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $799,900 (+45.3% YoY)
  • Average: $644,933 (-11.5% 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 17.8 miles — 370 listings ($130,548,481 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46788Spencerville, IN 467880.0 mi4$2,579,732$799,900$644,933
46741Grabill, IN 467414.6 mi7$1,922,900$279,950$274,700
46765Leo, IN 467657.3 mi30$18,795,960$469,950$626,532
43526Hicksville, OH 435269.7 mi10$2,155,000$255,000$215,500
46721Butler, IN 4672110.8 mi12$2,725,920$167,500$227,160
46835Fort Wayne, IN 4683510.9 mi85$26,458,715$299,900$311,279
46738Garrett, IN 4673812.4 mi16$3,996,608$246,900$249,788
46748Huntertown, IN 4674813.5 mi68$36,322,336$394,900$534,152
46815Fort Wayne, IN 4681513.9 mi64$19,553,792$271,450$305,528
43536Mark Center, OH 4353614.6 mi2$329,800$164,900$164,900
46805Fort Wayne, IN 4680516.1 mi63$12,749,058$188,500$202,366
45880Payne, OH 4588016.7 mi6$1,788,960$266,820$298,160
43556Sherwood, OH 4355617.8 mi3$1,169,700$389,900$389,900

Frequently Asked Questions

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

As of January 2026, there are 4 active listings in SPENCERVILLE, IN (zip code 46788), compared to 5 the prior year.

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

The median listing price in SPENCERVILLE, IN 46788 is $799,900 as of January 2026, a 45.3% increase from $550,375 the prior year.

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

Homes in SPENCERVILLE, IN 46788 spend an average of 45 days on the market before going under contract, compared to 59 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 January 2026, SPENCERVILLE, IN 46788 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 45 days on market compared to 59 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 $15,998 compared to a typical 5% commission on the median listing price of $799,900. 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.