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Spencer, IN Homes for Sale

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  • /20

    $244,900

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,256 Sq Ft

    226 N East St, Spencer, IN 47460

    Welcome home to this well-maintained 3-bedroom, 2-bath residence offering a comfortable layout and a convenient location in Spencer. The spacious floor plan provides flexibility for everyday living, with inviting living areas, a functional kitchen, and ample storage throughout. The primary bedroom includes its own private bath, while the additional bedrooms offer space for family, guests, a home

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    226 N East St, 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

    732 W Thornridge Way, Spencer, IN 47460
  • /23

    $625,000

    • Land
    • 70.18 Acres
    • $8,906 per Acre

    01 Braysville Rd, Spencer, IN 47460

    Outstanding opportunity to acquire an over 70-acre tract of agricultural and recreational land beautifully situated on Braysville Road in Clay Township. Offering a rare blend of expansive acreage, this property features an ideal layout for a a new home, a long-term homestead, recreational hunting, or the potentail use for longterm income if you were to timber the recently appraised woods on

    Agent Photo

    Ryne Shadday

    Century 21 Scheetz - Bloomington

    01 Braysville Rd, Spencer, IN 47460
  • /22

    $189,000

    $26K PRICE DROP
    • 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

    302 E Lewis Ln, Spencer, IN 47460
  • /25

    $140,000

    • Land
    • 3.09 Acres
    • $45,307 per Acre

    1921 Country Club Rd, Spencer, IN 47460

    Here is an opportunity to own a 3.09ac piece of land with septic, new well water, electric and natural gas at the road. It is set up with a really nice 2014 42 foot Sandpiper with 3 slide outs an outside kitchen with tv. It also has a winter package with heated tanks and has had a split air unit put in it also it has a new water softener and new tires. Leave it where it is or hit the open road.

    Agent Photo

    Darren Gilmore

    CK Realty Homes

    1921 Country Club Rd, Spencer, IN 47460
  • /22

    $185,900

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

    501 W Jefferson St, Spencer, IN 47460

    So much potential in this 2-bedroom, 1-bath home offering approximately 1,135 square feet of living space on one level and on a convenient corner lot in town. In addition to the two bedrooms, a versatile office/bonus room provides flexible space for work, hobbies, or other needs. Numerous recent improvements add value and peace of mind, including a new roof with gutter guards, new garage with

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    501 W Jefferson St, Spencer, IN 47460
  • /13

    $262,500

    • 3 Beds
    • 2 Baths
    • 1,317 Sq Ft

    48 W Clay St, Spencer, IN 47460

    New Construction – Currently Under Construction! Completion in August, 2026. Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    48 W Clay St, Spencer, IN 47460
  • /8

    $361,480

    $24K PRICE DROP
    • Land
    • 51.4 Acres
    • $7,033 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

    Sara Schenck Hageman Realty

    1196 Hoot Rd, Spencer, IN 47460
  • /7

    $190,000

    $180K PRICE INCREASE
    • Land
    • 27 Acres
    • $7,037 per Acre

    0 Splinter Ridge Rd, Spencer, IN 47460

    General InformationTotal Acres - 27.00Tracts - 1Type of Sale - AuctionFarm Name - AJMV LLCKey Features - This mostly wooded property teeming with wildlife is nestled along the east side of Splinter Ridge Road, six miles west of Spencer and just two miles south of State Highway 246. The gas pipeline easement running along the east side of the property features excellent areas

    Todd Litten Halderman Real Estate Services and Halderman Farm Management

    0 Splinter Ridge 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
  • /31

    $334,900

    • 3 Beds
    • 2.5 Baths
    • 2,464 Sq Ft

    186 Ryan Ct, Spencer, IN 47460

    Welcome to this spacious 3 Bedroom, 2 1/2 Bath home with 2,464-square-foot residence situated on a 0.84-acre lot in the desirable White Oaks Estates neighborhood of Spencer. Designed with both comfort and functionality in mind, this home offers a main-level primary bedroom with its own private bath, along with a convenient half bath for guests and a main-level laundry room. Upstairs, you'll find

    Tilden Keith Keith Realty & Auction Group

    186 Ryan Ct, Spencer, IN 47460
  • /36

    $394,900

    $5K PRICE DROP
    • 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
  • /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
  • /23

    $229,900

    $20K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,243 Sq Ft

    3125 Braysville Rd, Spencer, IN 47460

    What a find, 11 beautiful acres of forested land and a charming farmhouse with several outbuildings. The property features a nice 1250 sq ft home with 2 BR and 1 full Bath, a two-car detached garage and back yard shed. The home has some recent big-ticket upgrades including a new roof, a plumbing upgrade that included a new well pump and new HVAC system with a heat pump. The property has a nice

    Deborah Foutch Owen County Home Company

    3125 Braysville Rd, 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
  • /41

    $232,400

    $18K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 2,240 Sq Ft

    67 S Sunnyside Ln, Spencer, IN 47460

    Located on Owen County's east side just minutes from Spencer and Ellettsville, this spacious 4-bedroom, 2-bath manufactured home offers 2,240 square feet of living space on a 2-acre lot. Outside, you'll find plenty of room to enjoy the outdoors with a detached 2-car garage, storage shed, above-ground pool, and covered deck—ideal for entertaining, gardening, hobbies, or simply enjoying the country

    Samantha Carver Home Team Properties

    67 S Sunnyside Ln, Spencer, IN 47460
  • /36

    $384,000

    $16K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,947 Sq Ft

    106 Pin Oak Rd, Spencer, IN 47460

    Open House, Thursday August 20, 5-7pm. 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

    $329,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft

    2191 Shepard Patrick Rd, Spencer, IN 47460

    Beautiful new construction ranch on 1.7 acres just minutes from town. This 3 bed, 2 bath home offers an open-concept layout with real walnut hardwood floors, quartz countertops, and timeless finishes throughout. Enjoy a private wooded setting with both front and back porches—perfect for relaxing or entertaining. Ideal blend of quality, comfort, and convenience. Don't miss out on the opportunity

    Ashton Hoene F.C. Tucker Company

    2191 Shepard Patrick Rd, Spencer, IN 47460
  • /24

    $195,000

    • 1 Bed
    • 1 Bath
    • 1,056 Sq Ft

    1405 Lakeside Dr, Spencer, IN 47460

    Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for

    Steven Terry Century 21 Scheetz - Bloomington

    1405 Lakeside Dr, Spencer, IN 47460
  • /36

    $369,000

    $41K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,051 Sq Ft

    534 Dogwood E Ct, Spencer, IN 47460

    Open House, Thursday August 20, 5-7pm. 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

    Samantha Carver Home Team Properties

    534 Dogwood E Ct, Spencer, IN 47460
  • /2

    $57,500

    • Land
    • 1.54 Acres
    • $37,338 per Acre

    1.54 ac 5th Ave, Spencer, IN 47460

    Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy's and O'Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

    Chris Wesley RE/MAX Select Associates, Inc.

    1.54 ac 5th Ave, Spencer, IN 47460
  • /30

    $249,900

    $35K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,179 Sq Ft

    1825 Pea Ridge Rd, Spencer, IN 47460

    Escape to the country while staying close to everything! This attractive 3-bedroom, 2-bath home offers 2,179 square feet of comfortable living space on 1.4 beautiful acres with mature trees, plenty of open yard, and ample space for gardening, outdoor activities, or simply enjoying the peaceful surroundings.Inside, the open floor plan creates an inviting space for everyday living and entertaining.

    Samantha Carver Home Team Properties

    1825 Pea Ridge Rd, Spencer, IN 47460
  • /33

    $315,000

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,940 Sq Ft

    4743 E Coltrane Ln, Spencer, IN 47460

    This beautiful 3 bedroom, 2 bath home is not to be missed! As you enter through the front door into the open concept kitchen and living room, your eyes are drawn to the light that radiates into the living room as well as to the tastefully designed kitchen. This custom kitchen has been recently remodeled and offers beautiful design features including an island with a traditional farmhouse sink,

    Tom White White & Co Real Estate

    4743 E Coltrane Ln, Spencer, IN 47460
  • /44

    $349,900

    $25K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,356 Sq Ft

    7088 Addie Rd, Spencer, IN 47460

    Nestled on 7.2 picturesque acres, this beautifully updated 4 bedroom, 3 bath ranch manufactured home offers the perfect blend of modern comfort and country living. With 2,356 square feet of thoughtfully designed living space, you'll appreciate the open layout, abundant natural light, and extensive updates throughout. The heart of the home is the stunning 26' x 15' kitchen featuring quartz

    Sherri Walstrom Carpenter, REALTORS®

    7088 Addie Rd, Spencer, IN 47460
  • /13

    $199,000

    $11K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,512 Sq Ft

    5024 Stansbury Place, Spencer, IN 47460

    Space is the story here nearly 1.6 acres of open, private land in Owen County, giving you room most homes in this price range simply can't offer. Whether you're dreaming of a garden, a workshop, room for animals, or just the peace of not seeing your neighbor's porch light, this lot delivers elbow room that's increasingly hard to find at this price point. The 3-bedroom, 2-bath home sits

    Isaac VanCuren Gardner Property Group

    5024 Stansbury Place, 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
  • /45

    $775,000

    • 4 Beds
    • 5 Baths
    • 5,115 Sq Ft

    4447 Newport Dr, Spencer, IN 47460

    An iconic landmark residence on the Owen/Monroe County line, this extraordinary home offers panoramic golf course views, breathtaking sunsets, and an unmatched blend of luxury, comfort, and timeless design. Spanning three finished levels, the thoughtfully designed floor plan is ideal for both everyday living and entertaining. The main level features a beautifully appointed kitchen with a

    Lindsey Clark Barberry Realty

    4447 Newport Dr, 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

    $210,000

    $10K PRICE DROP
    • 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! New electrical panel, wiring, and meter and the AC was serviced in time for the heat! Whether you're

    Daniel Letman Century 21 Scheetz - Bloomington

    427 E Jefferson St, Spencer, IN 47460
  • /41

    $314,900

    $35K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,620 Sq Ft

    1307 Clark Rd, Spencer, IN 47460

    Welcome to an extraordinary, turn-key retreat where modern luxury meets wide-open possibility. Completely renovated from top to bottom, this breathtaking home sits on 8.5 picturesque acres-offering the perfect blend of style, space, and serenity. At the heart of the home, a show-stopping chef's kitchen dazzles with gleaming quartz countertops, premium soft-close cabinetry, and a sophisticated

    Amber Montague Daniels Real Estate

    1307 Clark Rd, 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
  • /14

    $225,000

    • Land
    • 9,583 Sq Ft
    • $1,022,727 per Acre

    470 W Morgan St, Spencer, IN 47460

    Excellent corner-lot visibility at the intersection of Morgan St/State Rd 46 and Short St, offering strong exposure for a wide range of commercial uses. This .22-acre parcel is fully improved with water, sewer, and electrical service already on site. The parcel is currently being used as a food truck lot with four vendors, each with its own dedicated electrical hookup. Beyond that, the location

    Samantha Carver Home Team Properties

    470 W Morgan St, Spencer, IN 47460
  • /2

    $57,500

    • Land
    • 1.54 Acres
    • $37,338 per Acre

    1.54 Acres St, Spencer, IN 47460

    Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy’s and O’Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

    Chris Wesley RE/MAX Select Associates, Inc.

    1.54 Acres St, Spencer, IN 47460
  • /25

    $264,900

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,468 Sq Ft

    213 Fletcher Ave, Spencer, IN 47460

    Charming home full of character and recent updates in a prime Spencer location! Improvements include a new natural gas furnace, central air, new ductwork, updated kitchen countertop, and freshly painted exterior. Inside you'll find original built-in shelving, arched doorways, classic wall sconces, abundant natural light, two main-level bedrooms, and a spacious full bath. The kitchen offers ample

    Tilden Keith Keith Realty & Auction Group

    213 Fletcher Ave, 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
  • /43

    $449,000

    • 4 Beds
    • 2 Baths
    • 2,600 Sq Ft

    4005 Texas Pike, Spencer, IN 47460

    Welcome to 4005 Texas Pike in Spencer, Indiana—a rare opportunity to own a versatile 6-acre property offering space, privacy, and endless possibilities. This 4-bedroom, 2-bath home is surrounded by beautiful countryside and features an in-ground swimming pool, pond, and a spacious pole barn, making it ideal for anyone dreaming of a mini farm, hobby farm, or simply enjoying peaceful rural living.

    Judson Casebeer Century 21 Scheetz - Bloomington

    4005 Texas Pike, Spencer, IN 47460
  • /24

    $299,000

    $16K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 878 Sq Ft

    18 Lindsay Ct, Spencer, IN 47460

    Motivated Seller offering this recently remodeled in 2026, move-in-ready property offers a blend of updated living space and versatile outdoor amenities on 4.29 acres. The home features 3 bedrooms and 11⁄2 baths with recent improvements throughout. There is a great back porch to enjoy the outdoors and be hidden away for some privacy. Outside, you'll find a 24' x 36' pole barn, 20' x 20' carport,

    Vern Keith Keith Realty & Auction Group

    18 Lindsay Ct, Spencer, IN 47460
  • /35

    $90,900

    $45K PRICE DROP
    • Land
    • 9.09 Acres
    • $10,000 per Acre

    TBD Coon Path Rd, Spencer, IN 47460

    9+ Acres of Woods with scenic Mill Creek running through the Northeast corner of the property. No HOA's or Covenants so bring your dreams and ideas and own a slice of stunning woodlands today.

    Amy Highfield RE/MAX Select Associates, Inc.

    TBD Coon Path Rd, 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 $224,093.
Are home prices dropping in Spencer?
Yes, home prices in Spencer are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Spencer, IN?
32 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, 47431, 47868, 47433 and 47429.
How much do you need to make to afford a house in Spencer?
The median home price in Spencer is $219,900. If you put a 20% down payment of $44,000 and had a 30-year fixed mortgage with an interest rate of 6.65%, your estimated principal and interest payment would be $1,130 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $48K 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 Price Trends

Median Sale Price
$185,000
Median Single Family Sale Price
$198,000
Median 2 Bedroom Sale Price
$185,000
Average Price Per Sq Ft
$131
Number of Homes for Sale
12
Last 12 months Home Sales
32
Months of Supply
4.50
Median List Price
$219,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-8%
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