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Spencer, IN Homes for Sale

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  • /22

    $215,000

    • 2 Beds
    • 2 Baths
    • 1,296 Sq Ft

    302 E Lewis Ln, Spencer, IN 47460

    Well-maintained 1296 sq. ft. 2-bedroom, 2 bath condo in Spencer. This home offers Living Room, Kitchen and Dining area across the front of the home, walk in closet, laundry room and an open patio out back for your enjoyment. The property has a 23x29 2 car attached garage with a workbench. Roof was replaced in 2025. The HOA fee includes lawn care, snow removal, and trash pick-up.

    Agent Photo

    Michelle Stanger

    Stanger Homes, LLC

    (812) 769-0370

    302 E Lewis Ln, Spencer, IN 47460
  • /3

    $90,000

    • Land
    • 1.04 Acres
    • $86,372 per Acre

    0 Concord Rd, Spencer, IN 47460

    Opportunity to own a 1.042 acre, m/l parcel of land located in Owen County, with access to natural gas, city water, and electricity, making it well-suited for a variety of potential uses. Property is located on the corner of a busy traffic area, just East of Dollar General and offers a clean slate of possibilities! The property will require installation of a septic system. With essential

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 472-2178

    0 Concord Rd, Spencer, IN 47460
  • /40

    $330,000

    • 4 Beds
    • 2.5 Baths
    • 2,204 Sq Ft

    2930 Withem Ave, Spencer, IN 47460

    Beautiful newly built 4bed, 2.5bath ranch home set in a peaceful, rural area of Owen County with a scenic pond view across the road. This spacious singlestory sits on just over an acre and has a layout that offers a large open living area filled with natural light, modern updates, and rustic custom finishes, including solidwood cabinetry and quality craftsmanship in every room. The primary suite

    Agent Photo

    Nicole Stanley

    RE/MAX Cornerstone

    (812) 782-1985

    2930 Withem Ave, Spencer, IN 47460
  • /3

    $90,000

    • Land
    • 1.04 Acres
    • $86,372 per Acre

    00 Concord Rd, Spencer, IN 47460

    Opportunity to own a 1.042 acre, m/l parcel of land located in Owen County, with access to natural gas, city water, and electricity, making it well-suited for a variety of potential uses. Property is located on the corner of a busy traffic area, just East of Dollar General and offers a clean slate of possibilities! The property will require installation of a septic system. With essential

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 609-8576

    00 Concord Rd, Spencer, IN 47460
  • /19

    $35,000

    $10K PRICE DROP
    • Land
    • 18,295 Sq Ft
    • $83,333 per Acre

    732 W Thornridge Way, Spencer, IN 47460

    Motivated seller! This partially cleared wooded lot is larger than it appears from the street! The survey is attached for reference. Possibility of building a walk-out home on this serene nearly half acre lot in upscale Thornridge subdivision! So many options with this lot's location! It is less than 30 minutes from the Indiana University campus, 3 minutes to downtown Spencer, and one hour from

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 441-4131

    732 W Thornridge Way, Spencer, IN 47460
  • /18

    $499,900

    $50K PRICE DROP
    • Land
    • 2.86 Acres
    • $174,729 per Acre

    2.861A State Road 46, Spencer, IN 47460

    Agent Photo

    Chris Clark

    Century 21 Scheetz - Bloomington

    (812) 561-7297

    2.861A State Road 46, Spencer, IN 47460
  • /10

    $361,480

    $24K PRICE DROP
    • Land
    • 51.3 Acres
    • $7,046 per Acre

    1196 Hoot Rd, Spencer, IN 47460

    Discover this 51.32 acres in Owen County, Indiana, offering the perfect blend of income and recreation. With 14.91 acres of productive tillable ground currently rented to a local farmer, this property provides steady income that can also create a prime food source to draw deer from miles away. The remaining 36.4 acres of rolling timber feature natural draws and cuts that make stand placement

    Kyle Scott Hageman Realty Residential

    1196 Hoot Rd, Spencer, IN 47460
  • /36

    $399,900

    • 2 Beds
    • 2 Baths
    • 2,130 Sq Ft

    681 Hancock School Rd, Spencer, IN 47460

    Escape to your own peaceful, park-like retreat just minutes from Spencer. This 2 bed, 2 bath home offers approx. 2,130 sqft in a tranquil setting. Welcoming front porch provides the perfect place to relax & take in quiet surroundings. Stunning kitchen stands out w/ custom-built cabinetry, granite countertops, large island, & oversized walk-in pantry. Main level includes bedroom, bath, laundry,

    Samantha Carver Home Team Properties

    681 Hancock School Rd, Spencer, IN 47460
  • /36

    $400,000

    New Construction
    • 4 Beds
    • 2 Baths
    • 1,947 Sq Ft

    106 Pin Oak Rd, Spencer, IN 47460

    OPEN HOUSE, Sunday April 12, 1-3 pm. Welcome to The Lily, a thoughtfully designed 4-bedroom, 2-bath new construction home in the growing Four Oaks subdivision of Spencer, Indiana. The open-concept layout paired with a split-bedroom floor plan offers the perfect balance of connection and privacy. The kitchen is designed for both everyday living and entertaining, featuring a large island, solid

    Samantha Carver HOME TEAM Properties

    106 Pin Oak Rd, Spencer, IN 47460
  • /35

    $419,900

    $35K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,822 Sq Ft

    310 Garden Park Cir, Spencer, IN 47460

    Welcome to 310 Garden Park in the heart of Spencer! This beautifully maintained 3-bedroom, 2.5-bath with an office (potential 4th bedroom) home offers the perfect blend of comfort, space, and convenience. Situated on a rare double lot totaling .54 acres, you’ll love the expansive, level yard—ideal for outdoor activities, entertaining, or simply enjoying the peaceful surroundings. Inside, the home

    Judson Casebeer Century 21 Scheetz - Bloomington

    310 Garden Park Cir, Spencer, IN 47460
  • /36

    $440,000

    $15K PRICE DROP
    • 6 Beds
    • 3 Baths
    • 3,051 Sq Ft

    981 Denali Dr, Spencer, IN 47460

    Retreat to nearly 9 private acres in Timberlyne- Discover room to roam both inside and out- perfect for anyone craving a peaceful escape, space to work or create at home and effortless access to Spencer’s shops and daily essentials just 5 minutes away. Enjoy over 3,900 sq ft of move-in ready space, with a sunlit main level, inviting living area w/cozy fireplace, and custom kitchen w/newer

    Brandi Bolin Century 21 Scheetz - Bloomington

    981 Denali Dr, Spencer, IN 47460
  • /35

    $386,900

    • 3 Beds
    • 2 Baths
    • 2,128 Sq Ft

    1845 S US Hwy 231 Hwy, Spencer, IN 47460

    Welcome home to this beautifully remodeled peaceful country property situated on almost 4 acres in Spencer! This charming home offers the perfect blend of modern updates and rural tranquility. Inside, you’ll find a spacious eat-in kitchen featuring an island, abundant cabinetry, and all new stainless steel appliances. The main level includes two bedrooms, including a private primary suite,

    Eweami Powers The Indiana Team LLC

    1845 S US Hwy 231 Hwy, Spencer, IN 47460
  • /49

    $385,000

    $5K PRICE DROP
    • 5 Beds
    • 3 Baths
    • 3,321 Sq Ft

    1446 W State Highway 46, Spencer, IN 47460

    With over 3,000 square feet of living space, this beautifully maintained 5-bedroom, 3 full bath home offers the space and versatility you've been looking for. Inside, you'll find two cozy fireplaces, a functional layout perfect for entertaining or relaxing, and generously sized bedrooms. The kitchen and living areas flow effortlessly, with great natural light and room to spread out. Step outside

    Merissa Houston Keller Williams Realty

    1446 W State Highway 46, Spencer, IN 47460
  • /21

    $374,900

    $50K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 3,502 Sq Ft

    45 Flatwoods Rd, Spencer, IN 47460

    Take a look at this 4 bedroom, 3 bath, 3502 sq. ft. Brick Ranch over finished walk-out basement. At the entrance the foyer extends to the living room, dining area and around to the kitchen. The kitchen features a huge island with plenty of counter space, cabinets and storage. There is a door from the kitchen and a sliding patio door from the dining room onto the 16x20 upper deck. The primary

    Chris Wesley RE/MAX Select Associates, Inc.

    45 Flatwoods Rd, Spencer, IN 47460
  • /36

    $375,000

    • 3 Beds
    • 2.5 Baths
    • 1,847 Sq Ft

    110 Pin Oak Rd, Spencer, IN 47460

    Life in the Four Oaks Subdivision comes with space to breathe, room to gather, and thoughtful design, and 110 Pin Oak Road delivers all three. Built on the Spruce floor plan, this 1,847-square-foot home offers 3 bedrooms, 2 1/2 baths, and an open layout that feels both spacious and welcoming. The heart of the home is the kitchen, where a large island, quartz countertops, solid wood cabinetry, and

    Samantha Carver Home Team Properties

    110 Pin Oak Rd, Spencer, IN 47460
  • /66

    $365,000

    $64K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,688 Sq Ft

    9677 W Reeves Rd, Spencer, IN 47460

    Imagine waking up to peaceful views, stepping outside with your morning coffee, and hearing nothing but birds and the quiet of the countryside. Tucked away on 2 private acres with no visible neighbors, this property offers the kind of privacy and freedom that's getting harder and harder to find. Inside, the home offers 2,688 square feet with 4 bedrooms and 2 baths, highlighted by a stunning

    Shannon Schoolcraft Keller Williams Indy Metro S

    9677 W Reeves Rd, Spencer, IN 47460
  • /38

    $399,000

    New Construction $11K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,051 Sq Ft

    534 E Dogwood Ct, Spencer, IN 47460

    OPEN HOUSE, Sunday April 12, 1-3 pm. Welcome to The Cypress, a 2,051 sq ft ranch home in the Four Oaks subdivision, tucked away on a quiet cul-de-sac where comfort and style effortlessly meet. This 3-bedroom, 2.5-bath home offers a desirable split-bedroom design with an open living room, kitchen, and breakfast area ideal for everyday living and entertaining. Start your mornings or wind down your

    Samantha Carver HOME TEAM Properties

    534 E Dogwood Ct, Spencer, IN 47460
  • /28

    $359,900

    • 2 Beds
    • 1 Bath
    • 1,616 Sq Ft

    750 Clark Rd, Spencer, IN 47460

    Tucked away on nearly 12 acres of serene, natural beauty, this private retreat truly feels like your own hidden oasis. Surrounded by mature trees and peaceful views in every direction, the property offers a rare combination of seclusion, functionality, and charm. The home features 2 bedrooms and 1 bath, with a warm and inviting interior highlighted by an attractive stone fireplace—perfect for

    Alice Chastain RE/MAX Acclaimed Properties

    750 Clark Rd, Spencer, IN 47460
  • /17

    $98,100

    • Land
    • 6.54 Acres
    • $15,000 per Acre

    Tract 1 N US Highway 231, Spencer, IN 47460

    6.54 wooded acres offering privacy and a beautiful rural setting. Ideal for your next homesite! Convenient location, just 15 minutes to 1-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional acreage available.

    Khloe Anderson Land Pro Realty

    Tract 1 N US Highway 231, Spencer, IN 47460
  • /20

    $319,900

    • 3 Beds
    • 1 Bath
    • 2,408 Sq Ft

    4304 Newport Dr, Spencer, IN 47460

    Spacious and well-maintained 3-bedroom, 1-bath home offering 2,408 total finished sq. ft., including 1,316 sq. ft. on the main level and 1,092 sq. ft. in the basement. Features include a comfortable living room, eat-in kitchen, laundry/mudroom, and a finished basement with a large family room complete with pool table, office space, utility room, and additional storage room. Enjoy relaxing on the

    Chris Wesley RE/MAX Select Associates, Inc.

    4304 Newport Dr, Spencer, IN 47460
  • /3

    $90,000

    • Land
    • 4.93 Acres
    • $18,256 per Acre

    22 Brooks St Lot C, Spencer, NY 14883

    Beautiful acre lots of flat, fertil land, ideal for the investor, developer, organic farmer or a perfect opportunity to build your dream home. Features road frontage on Brooks Street in the Village of Spencer. Buyer to accept preliminary survey. Lots were subdivided from a larger parcel. May be sold with lot A, 8.332 acres, 359.99 lot frontage and 1,042.49 lot depth, MLS #R1682270

    Nancy King Warren Real Estate of Ithaca Inc. (Downtown)

    22 Brooks St Lot C, Spencer, NY 14883
  • /3

    $54,900

    • Land
    • 16,117 Sq Ft
    • $148,378 per Acre

    127 Walnut Radial, Spencer, IN 47460

    Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you’re well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people

    Rob Ranard Home Team Properties

    127 Walnut Radial, Spencer, IN 47460
  • /16

    $195,000

    • 3 Beds
    • 1 Bath
    • 1,135 Sq Ft

    501 W Jefferson St, Spencer, IN 47460

    This cozy 3 bedroom, 1 bath home featuring 9 foot ceilings that create a spacious and airy feel. Hardwood floors in living room and bedrooms. Enjoy relaxing in the bright sunroom, complete with a hot tub perfect for year-round enjoyment. Convenient detached carport for covered parking.

    William Hurst Carpenter, REALTORS-Bloomington

    501 W Jefferson St, Spencer, IN 47460
  • /19

    $75,000

    $13K PRICE DROP
    • Land
    • 5 Acres
    • $15,000 per Acre

    Tract 7 Hudson Hill Rd, Spencer, IN 47460

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 7 Hudson Hill Rd, Spencer, IN 47460
  • /34

    $299,000

    • 3 Beds
    • 2 Baths
    • 1,274 Sq Ft

    313 Concord Rd, Spencer, IN 47460

    Tucked away on 1.40 private acres in Owen County, this well-maintained property offers a peaceful setting adjacent to the expansive McCormick's Creek State Park, providing convenient access to outdoor recreation and natural surroundings. The property includes a 12x12 storage shed, fenced yard, covered front porch with brick accents, enclosed back porch with a gas fireplace, and a 12x16 patio

    Tilden Keith Keith Realty & Auction Group

    313 Concord Rd, Spencer, IN 47460
  • /28

    $250,000

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft

    1012 W Acres Dr, Spencer, IN 47460

    Discover the charm of country living with the convenience of being close to town. This 3 bedroom, 2 bath home nestled on 1.37 acres and has a 2 car attached garage. Inside, you’ll find updated flooring and fresh paint that give the home a crisp, modern touch. The layout offers comfortable living spaces and room to grow. Outside, the expansive yard provides endless possibilities—relax, entertain,

    Alice Reynolds Century 21 Scheetz - Bloomington

    1012 W Acres Dr, Spencer, IN 47460
  • /20

    $149,900

    • Land
    • 10 Acres
    • $14,990 per Acre

    Tract 2 N US Highway 231, Spencer, IN 47460

    10 wooded acres with partial clearing, offering privacy and a beautiful rural setting. Ideal for your next homesite. Convenient location, just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional

    Khloe Anderson Land Pro Realty

    Tract 2 N US Highway 231, Spencer, IN 47460
  • /31

    $237,500

    • 4 Beds
    • 1.5 Baths
    • 1,848 Sq Ft

    456 W Hillside Ave, Spencer, IN 47460

    Charming 4 bedroom, 1.5 bath two-story home offering 1,848 square feet, a full basement, and a 1-car detached garage. Ideally situated on desirable Hillside Avenue, this in-town location provides convenient access within walking distance to the elementary school, shopping on the square, and the MyPath Trail. The home features hardwood flooring, crown molding, and a large covered front porch that

    Samantha Carver Home Team Properties

    456 W Hillside Ave, Spencer, IN 47460
  • /16

    $114,900

    $10K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,500 Sq Ft

    1120 Cedar Ln, Spencer, IN 47460

    This ranch home offers a functional single-story layout with solid structural foundation. The property presents an opportunity for those seeking straightforward, accessible living space. This property presents a compelling investment opportunity with three bedrooms and one bathroom, situated on a private wooded lot with rolling hills views. The home offers substantial potential for value creation

    Ronita Walcott Evergreen Real Estate & Auctions

    1120 Cedar Ln, Spencer, IN 47460
  • /3

    $54,900

    • Land
    • 16,117 Sq Ft
    • $148,378 per Acre

    127 Walnut St, Spencer, IN 47460

    Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you're well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people

    Rob Ranard HOME TEAM Properties

    127 Walnut St, Spencer, IN 47460
  • /61

    $415,000

    $35K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,350 Sq Ft

    7373 Locust Lake Rd, Spencer, IN 47460

    YOUR HOMESTEAD AWAITS!! Spanning 10 incredible acres, this property offers the perfect mix of 5 wooded acres for exploring and 5 cleared acres for open space and recreation. With two stocked ponds, you'll spend evenings fishing, mornings watching wildlife, and weekends enjoying everything nature has to offer right in your own backyard. The 4 bedroom, 3 full bath home provides plenty of space to

    Jordan Wirth Highgarden Real Estate

    7373 Locust Lake Rd, Spencer, IN 47460
  • /35

    $495,000

    • 4 Beds
    • 2.5 Baths
    • 2,500 Sq Ft

    1709 Riley Ct, Spencer, IN 47460

    Almost new big ranch home (2,500 sq. feet) on 2.3 acre estate sized lot! The manicured lot borders 2 stocked ponds, and is situated on a private cul-de-sac. Located just inside the Owen County line, in upscale Park View Estates, this custom one level home boasts 4 B.R., plus dedicated home office, and 2.5 Baths. Master Suite and bath are oversized with granite counters, floor to ceiling tile, LVP

    William Howard Bill Howard Real Estate

    1709 Riley Ct, Spencer, IN 47460
  • /36

    $2,499,999

    $100K PRICE DROP
    • 5 Beds
    • 6 Baths
    • 5,392 Sq Ft

    2034 Dubois Rd, Spencer, IN 47460

    Exceptional 55-acre equestrian and event property in Owen County, offering a rare blend of fenced pastures, wooded acreage, multiple ponds, and miles of trails. Purpose-built facilities include an indoor riding arena, large show-barn complex, hay barn, and multiple pastures-ideal for boarding, training, and private equine use. The estate also features extensive event infrastructure: an arena with

    Marty Zimmerman Encore Sotheby's International Realty

    2034 Dubois Rd, Spencer, IN 47460
  • /21

    $75,000

    $13K PRICE DROP
    • Land
    • 5 Acres
    • $15,000 per Acre

    Tract 6 Hudson Hill Rd, Spencer, IN 47460

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 6 Hudson Hill Rd, Spencer, IN 47460
  • /3

    $25,000

    • Land
    • 2.9 Acres
    • $8,621 per Acre

    1899 Park Hill Dr, Spencer, IN 47460

    Great wooded lots awaiting your new home in Park Hill Estates.

    Christina Hamilton The Stewart Home Group

    1899 Park Hill Dr, Spencer, IN 47460
  • /16

    $219,900

    • 3 Beds
    • 2 Baths
    • 1,508 Sq Ft

    427 E Jefferson St, Spencer, IN 47460

    Charming and move-in ready ranch located in the heart of Spencer, directly across from the fairgrounds! This 3-bedroom, 2-bathroom home offers a perfect blend of character and updates, featuring original hardwood floors, freshly painted cabinets and a brand new roof complete with warranty! Weather you're relaxing at home or taking advantage of the convenient location, this home is ready for it's

    Daniel Letman Century 21 Scheetz - Bloomington

    427 E Jefferson St, Spencer, IN 47460
  • /15

    $229,900

    $20K PRICE DROP
    • 4 Beds
    • 1 Bath
    • 1,360 Sq Ft

    767 Laymon Ave, Spencer, IN 47460

    Spacious 4-bedroom, 1-bath home offering 1,360 sq. ft. of living space, conveniently located just a couple of blocks from Spencer Elementary. This home has seen several updates over the past five years, including a new roof and gutters installed in 2024 and a freshly painted garage in 2025. The oversized one-car garage features a unique sliding door design rather than a traditional overhead door,

    Chris Wesley RE/MAX Select Associates, Inc.

    767 Laymon Ave, Spencer, IN 47460
  • /18

    $149,900

    • Land
    • 10 Acres
    • $14,990 per Acre

    Tract 4 N US Highway 231, Spencer, IN 47460

    10 wooded acres with 3 acre clearing, offering privacy and a beautiful rural setting; ideal for your next homesite! Convenient location, just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional

    Khloe Anderson Land Pro Realty

    Tract 4 N US Highway 231, Spencer, IN 47460
  • /3

    $259,900

    • Land
    • 14.44 Acres
    • $17,999 per Acre

    1650 State Road 46, Spencer, IN 47460

    This 14.44-acre property offers a unique combination of visibility, access, and natural beauty—just minutes east of downtown Spencer. With approximately 1,200 feet of frontage along State Highway 46, the property provides excellent exposure and convenient access for residential, recreational, or small commercial development. The front portion of the property features level, open acreage ideal for

    Chris Wesley RE/MAX Select Associates, Inc.

    1650 State Road 46, Spencer, IN 47460
  • /12

    $800,000

    $50K PRICE DROP
    • Land
    • 3.61 Acres
    • $221,607 per Acre

    886 W Franklin St, Spencer, IN 47460

    CALLING ALL INVESTORS! This location can't be beat. Right across from CVS Pharmacy in Spencer with direct road frontage of US 231 Morgan Street/State Road 46. This property also has access from a stoplight making it a great spot for future development! The possibilities are endless. Don't miss the opportunity to invest in a great location for your business to thrive!

    Ashton Hoene F.C. Tucker Company

    886 W Franklin St, Spencer, IN 47460

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Why Live in Spencer

Spencer, Indiana, is a small town of about 2,400 residents situated amid the hilly and wooded farmland west of Bloomington. Known for its affordability compared to neighboring areas, Spencer features a variety of recreational options and a walkable downtown with local restaurants, boutiques, and other attractions. The town hosts the Owen County Fair and is adjacent to McCormick’s Creek State Park, a popular outdoor destination. Housing in Spencer includes a mix of early 20th-century homes, such as Craftsman, gable-ell, Queen Anne, and American Foursquares, along with modern homes from the 2010s and 2020s. The historic downtown area is characterized by colorful Italianate buildings surrounding the Neoclassical Owen County Courthouse, offering shopping and dining options like Main St Coffee & Kitchen, Chambers Smorgasbord, and Jit’s Thai Bistro. For groceries, residents can visit Walmart and Save A Lot, while the Owen County Farmers’ Market operates from May to September. Recreational amenities include the MYPath Trail System, the Owen County Family YMCA, and McCormick’s Creek State Park, which features over 10 miles of trails, a waterfall, and an Olympic-sized pool. Spencer-Owen Community Schools serve the town, with Spencer Elementary, Owen Valley Middle, and Owen Valley High Schools. The town also hosts various events at the fairgrounds, including the Owen County Fair in July. Indiana State Road 46 connects Spencer to Bloomington, less than 20 miles away, and Terre Haute, about 40 miles away, with Indianapolis International Airport located nearly 50 miles northeast.

Frequently Asked Questions

What is the average home price in Spencer, IN?
Homes for sale in Spencer, IN have an average home price of $220,180.
Are home prices dropping in Spencer?
Yes, home prices in Spencer are down 11% in the last 12 months.
How many homes have sold over the last 12 months in Spencer, IN?
37 homes have sold in Spencer, IN over the last 12 months.
What are the most popular zip codes in Spencer, IN?
The most popular zip codes in Spencer, IN include 47460, 47433, 47431, 47868 and 47429.
How much do you need to make to afford a house in Spencer?
The median home price in Spencer is $199,900. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.51%, your estimated principal and interest payment would be $1,010 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $43K a year to afford the median home price in Spencer. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Spencer, IN?
Spencer, IN has highly rated public and private schools. Some of the best schools in Spencer based on Niche Grades are McCormick's Creek Elementary School, Owen Valley Middle School and Owen Valley Community High School. Browse all the schools in Spencer, IN to learn more.

Home Trends in Spencer, IN

Housing Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$193,000
Median 2 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$135
Number of Homes for Sale
10
Last 12 months Home Sales
37
Months of Supply
3.20
Median List Price
$199,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%
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