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Spencer Homes for Sale

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  • /4

    $550,000

    • Land
    • 2.86 Acres
    • $192,240 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
  • /19

    $179,900

    • 2 Beds
    • 3 Baths
    • 1,568 Sq Ft

    209 N Middle St, Spencer, IN 47460

    Two story home situated on a large corner lot with a private gravel drive for off street parking is located in a convenient location in town. Home is close to schools, banking, downtown shops, and main highway. Large backyard has lots of possibilities for a great entertainment space, garden, or a variety of creative designs. Home has a wide, covered porch that wraps around 3 sides of home and a

    Tilden Keith Keith Realty & Auction Group

    209 N Middle St, Spencer, IN 47460
  • /19

    $179,900

    • 2 Beds
    • 3 Baths
    • 1,568 Sq Ft

    209 Middle St, Spencer, IN 47460

    Two story home situated on a large corner lot with a private gravel drive for off street parking is located in a convenient location in town. Home is close to schools, banking, downtown shops, and main highway. Large backyard has lots of possibilities for a great entertainment space, garden, or a variety of creative designs. Home has a wide, covered porch that wraps around 3 sides of home and a

    Tilden Keith Keith Realty & Auction Group

    209 Middle St, Spencer, IN 47460
  • /30

    $195,000

    • 2 Beds
    • 2 Baths
    • 1,218 Sq Ft

    357 S Main St, Spencer, IN 47460

    Step into a piece of Spencer history with this charming 2 bedroom, 2 bath, 1888-built home located in the heart of town! This well-maintained residence offers 1,218 sq ft of living space, full of warmth, and character. From the moment you arrive, the iconic front porch invites you to slow down and enjoy the neighborhood - a beloved gathering spot for locals over the years. Inside, you'll find a

    Samantha Carver HOME TEAM Properties

    357 S Main St, Spencer, IN 47460
  • /49

    $249,900

    • 4 Beds
    • 2 Baths
    • 2,289 Sq Ft

    205 N Main St, Spencer, IN 47460

    Welcome to this captivating 4 bedroom, 21/2 bath residence perfectly positioned on a corner lot in the quietest little neighborhood. This home combines historic character with modern convenience, featuring stunning original stained woodwork throughout that speaks to its timeless craftsmanship. The handicap-accessible main level, with a bedroom and full bath, offers seamless living with

    Jake Stiles Coldwell Banker Stiles

    205 N Main St, Spencer, IN 47460
  • /32

    $269,900

    • 3 Beds
    • 2.5 Baths
    • 2,150 Sq Ft

    319 Walnut St, Spencer, IN 47460

    Discover the perfect blend of style, comfort, and convenience in this 3-bedroom, 2.5-bathroom townhome, thoughtfully designed with an open-concept layout and abundant natural light. The kitchen is a standout feature, boasting upgraded stainless steel appliances, a spacious island with a built-in sink and dishwasher, and ample cabinetry for storage. Luxury vinyl plank flooring flows throughout the

    Monica Guerra eXp Realty LLC

    319 Walnut St, Spencer, IN 47460
  • /8

    $680,000

    • 10 Beds
    • 10 Baths
    • 6,996 Sq Ft

    80 W Jefferson St, Spencer, IN 47460

    This offering includes two identical multifamily buildings, each featuring five 1-bedroom, 1-bathroom ground-floor apartments, ideally located within walking distance of the Spencer downtown square. Positioned on Jefferson and Wayne Streets, these properties offer immediate access to local shops, restaurants, and community amenities, making them highly desirable for tenants seeking small-town

    Chris Cockerham FC Tucker/Bloomington REALTORS

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

    $39,900

    • Land
    • 0.42 Acre
    • $95,000 per Acre

    732 W Thornridge Way, Spencer, IN 47460

    Don't miss your opportunity to build your dream house on this beautiful, serene, nearly half acre wooded lot in the upscale Thornridge subdivision, less than 30 minutes from the Indiana University campus, and 3 minutes to downtown Spencer. Ask your builder if this spacious lot offers the possibility to build a walk-out ranch. City water, well maintained street, natural gas. No HOA and

    Christopher Ripperger Monteith-Legault Real Estate C

    732 W Thornridge Way, Spencer, IN 47460
  • /27

    $299,900

    • 3 Beds
    • 1 Bath
    • 1,492 Sq Ft

    213 N Fletcher Ave, Spencer, IN 47460

    Located on a corner lot in the town of Spencer, this charming historic home has much to offer. With 3 bedrooms and 1 bath, this 1920 bungalow boasts a large kitchen, living room and dining room. Laminate flooring covers the main level of the home, while the upstairs area is carpeted. This 1.5 story home sits atop a full unfinished basement. The spacious living room is perfect for entertaining

    Samantha Carver HOME TEAM Properties

    213 N Fletcher Ave, Spencer, IN 47460
  • /5

    $409,900

    • 2 Beds
    • 1.5 Baths
    • 1,728 Sq Ft

    101 E Wayne St, Spencer, IN 47460

    INVESTORS!!! This property is a cash flow ready investment opportunity. These duplexes are in great structural condition, have a newer metal roof, off street parking spaces, and a strong rental history. The kitchen, the living space, a half bath located downstairs & the two bedrooms and a full bath upstairs. All 4 of these units have the same layout, and each unit has their own 10x10 back porch

    Taylor Kay Keith Realty & Auction Group

    101 E Wayne St, Spencer, IN 47460
  • /6

    $409,900

    • 2 Beds
    • 1 Bath

    169 S Sycamore St, Spencer, IN 47460

    INVESTORS!!! Investment ready opportunity, with a strong rental history, great structural condition, a newer medal roof installed approx. 1 year ago. Together these two duplexes offer three 2-bedroom 1 bath units, as well as a 1-bedroom 1 bath unit. All 4 units have their own individual porches for outdoor enjoyment. There are two level gravel parking areas on each side of each building for off

    Taylor Kay Keith Realty & Auction Group

    169 S Sycamore St, Spencer, IN 47460
  • /5

    $409,900

    • 2 Beds
    • 1 Bath
    • 1,728 Sq Ft

    169 Sycamore St, Spencer, IN 47460

    INVESTORS!!! Investment ready opportunity, with a strong rental history, great structural condition, a newer medal roof installed approx. 1 year ago. Together these two duplexes offer three 2-bedroom 1 bath units, as well as a 1-bedroom 1 bath unit. All 4 units have their own individual porches for outdoor enjoyment. There are two level gravel parking areas on each side of each building for off

    Taylor Kay Keith Realty & Auction Group

    169 Sycamore St, Spencer, IN 47460
  • /6

    $1,150,000

    • 2 Beds
    • 1 Bath
    • 1,728 Sq Ft

    135 & 137 W Wayne St, Spencer, IN 47460

    Calling all investors! Looking for a stable, immediate cash flow property in excellent condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms

    Taylor Kay Keith Realty & Auction Group

    135 & 137 W Wayne St, Spencer, IN 47460
  • /4

    $1,150,000

    • 2 Beds
    • 1 Bath

    135 W Wayne St, Spencer, IN 47460

    Calling all investors! Looking for a stable, immediate cash flow property in great condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms & 1

    Taylor Kay Keith Realty & Auction Group

    135 W Wayne St, Spencer, IN 47460
  • /4

    $49,000

    • Land
    • 0.20 Acre
    • $245,000 per Acre

    480 S West St, Spencer, IN 47460

    Vacant lot ready for new home to be built!!

    Trent Keith Keith Realty & Auction Group

    480 S West St, Spencer, IN 47460
  • /2

    $49,000

    • Land
    • 0.20 Acre
    • $245,000 per Acre

    278 E Clay St, Spencer, IN 47460

    Empty lot across from Owen County Fairgrounds. Lot of possibilities!!

    Trent Keith Keith Realty & Auction Group

    278 E Clay St, Spencer, IN 47460
  • /12

    $800,000

    • 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 Franklin F.C. Tucker Company

    886 W Franklin St, Spencer, IN 47460
  • /2

    $124,900

    • Land
    • 1.54 Acres
    • $81,104 per Acre

    5 Th 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.

    5 Th Ave, Spencer, IN 47460

Frequently Asked Questions Why Live in Spencer

Is Spencer a good place to live?
Spencer is a good place to live. Spencer is considered car-dependent and somewhat bikeable. Spencer has 1 park for recreational activities. It has a median age of 42. The average household income is $59,484 which is below the national average. College graduates make up 14.6% of residents. A majority of residents in Spencer are home owners, with 35% of residents renting and 65% of residents owning their home. A local real estate agent serving Spencer can help you decide if this neighborhood is the right one for you. Learn more on our Spencer neighborhood guide.
Is Spencer, IN a safe neighborhood?
Spencer, IN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Spencer?
The median home price in Spencer is $224,900. If you put a 20% down payment of $45,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $50K a year to afford the median home price in Spencer. The average household income in Spencer is $59K.
What are the best public schools in Spencer?
The best public schools that serve Spencer are:
What are the most popular zip codes in Spencer, Spencer, IN?
The most popular zip codes in Spencer, Spencer, IN include 47460, 47431, 47433, 47868 and 47429.
What are the most popular neighborhoods near Spencer, Spencer, IN?
The most popular neighborhoods near Spencer, Spencer, IN are Crescent Bend, Blue Ridge, Near West Side, Prospect Hill and Old Northeast.

Home Trends in Spencer, IN

Housing Trends

Median Sale Price
$200,000
Median Single Family Sale Price
$204,000
Median Townhouse Sale Price
$409,900
Median 2 Bedroom Sale Price
$220,450
Average Price Per Sq Ft
$143
Number of Homes for Sale
9
Last 12 months Home Sales
51
Months of Supply
2.10
Median List Price
$224,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
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