Why Live in Spencer
Spencer, located in northwest Iowa, is a city where the Little Sioux and Ocheyedan rivers converge. Known for its deep-rooted community, Spencer hosts the largest county fair in Iowa and is a hub for farm equipment manufacturers and food processors. The city has a growing healthcare sector, bolstered by a new emergency department at Spencer Hospital. Despite a devastating flash flood in June 2024, which damaged over three-quarters of the city's structures, Spencer continues to rebuild with support from the Chamber of Commerce. Homes in Spencer range from early 1900s American Foursquares and folk-style houses to ranch-style homes and newer subdivisions on the outskirts. The downtown area, rebuilt in the Art Deco style after a 1931 fire, is listed on the National Register of Historic Places and features a mix of local businesses and national chains. Spencer boasts over 400 acres of parks and recreation, including the 12-mile Spencer Recreational Trail, East Leach Park, Stolley Park, and the Spencer Golf and Country Club. The Spencer Community School District offers college credit courses, and Iowa Lakes Community College has a campus in the city. Transportation is facilitated by U.S. Routes 71 and 18, a regional airport, and a nonprofit transit system. Spencer's attractions include the Clay County Fair, one of the largest in the nation, and various local events that foster a strong sense of community. Crime rates in Spencer are lower than the national average, contributing to its appeal as a safe place to live.
Home Trends in Spencer, IA
On average, homes in Spencer, IA sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Spencer, IA over the last 12 months is $198,950, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$198,950
Median Single Family Sale Price
$169,900
Median 2 Bedroom Sale Price
$55,000
Average Price Per Sq Ft
$113
Number of Homes for Sale
1
Last 12 months Home Sales
42
Median List Price
$179,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-7%