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SPENCER, IN 47460

Real Estate Market Report  ·  Owen County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SPENCER, IN real estate market (47460) currently shows 37 active listings, with 12 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 78 days on market compared to 50 days last year.

The median listing price has risen 28.1% year-over-year, from $299,350 to $383,500.

Whether you are buying or selling in SPENCER, 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: 11,442  ·  Density: 29.3/mi²  ·  Median household income: $59,427

Typical home value: $155,760  ·  Homeownership: 80.2%

Market Overview

Active Listings
37
⇩ 27.5% vs 51 last year
Pending
12
32% pending ratio
Median Price
$383,500
⇧ 28.1% vs $299,350 last year
Average Price
$431,662
⇧ 28.7% vs $335,522 last year
Days on Market
78
⇧ 56% vs 50 days last year

Price Per Square Foot

Median $/sqft
$178
⇧ 9.9% vs $162/sqft last year
Median Home Size
2,041 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 37 this year vs 51 last year
  • Days on market: 78 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $383,500 (+28.1% YoY)
  • Average: $431,662 (+28.7% 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 23.2 miles — 366 listings ($136,049,252 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47460Spencer, IN 474600.0 mi45$19,029,600$376,000$422,880
47433Gosport, IN 474338.8 mi11$5,872,856$340,700$533,896
47868Poland, IN 4786810.5 mi10$2,664,670$242,475$266,467
47459Solsberry, IN 4745911.9 mi8$2,845,576$334,450$355,697
47456Quincy, IN 4745613.5 mi3$1,319,700$439,900$439,900
46166Paragon, IN 4616614.7 mi6$2,600,940$331,694$433,490
47403Bloomington, IN 4740316.5 mi111$39,552,075$287,000$356,325
47841Clay City, IN 4784117.4 mi6$1,447,200$241,200$241,200
47424Bloomfield, IN 4742418.6 mi27$8,170,065$272,700$302,595
47468Unionville, IN 4746820.6 mi8$4,547,880$483,450$568,485
46151Martinsville, IN 4615122.5 mi106$43,001,126$355,900$405,671
47438Jasonville, IN 4743822.7 mi23$4,663,664$118,675$202,768
47857Knightsville, IN 4785723.2 mi2$333,900$166,950$166,950

Frequently Asked Questions

How many homes are for sale in SPENCER, IN 47460?

As of April 2026, there are 37 active listings in SPENCER, IN (zip code 47460), compared to 51 the prior year.

What is the median home price in SPENCER, IN 47460?

The median listing price in SPENCER, IN 47460 is $383,500 as of April 2026, a 28.1% increase from $299,350 the prior year.

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

Homes in SPENCER, IN 47460 spend an average of 78 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in SPENCER, IN 47460?

Based on current inventory and days-on-market data as of April 2026, SPENCER, IN 47460 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 78 days on market compared to 50 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPENCER, IN 47460 save an estimated $7,670 compared to a typical 5% commission on the median listing price of $383,500. 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.