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Spencer Homes for Sale

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  • /30

    $265,000

    • 4 Beds
    • 2.5 Baths
    • 3,251 Sq Ft

    280 W Hillside Ave, Spencer, IN 47460

    Find old-fashioned charm in this 4-bedroom, 1.5-bath home in Spencer's historic north side. Step onto the stamped concrete front patio and covered front porch before entering inviting living spacesfeaturing hardwood floors, rich original woodwork, and a classic fireplace-the kind of character you can't recreate. The kitchen offers abundant cabinetry, plenty of prep space, and select appliances

    Agent Photo

    Bob Magiera

    Hoosier, REALTORS®

    (812) 301-7975

    280 W Hillside Ave, Spencer, IN 47460
  • /18

    $524,900

    • Land
    • 2.86 Acres
    • $183,467 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

    $35,000

    • Land
    • 0.42 Acre
    • $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
  • /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
  • /9

    $149,900

    • 2 Beds
    • 1 Bath
    • 1,184 Sq Ft

    206 N East St, Spencer, IN 47460

    A charming testament to a bygone era this single family residence graciously offers 1184 square feet of living area, features 2 bedrooms and 1 full bath providing ample room for comfortable daily existence and gatherings. The property is situated upon a generous 3920 square foot lot, presenting a pleasant expanse for outdoor enjoyment and creative landscaping endeavors. With a single story

    Sheila Hubbard Diverse Property Solutions Ind

    206 N East St, Spencer, IN 47460
  • /36

    $454,900 Open Sun 12PM - 2PM

    • 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
  • /3

    $54,900

    • Land
    • 0.37 Acre
    • $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
  • /15

    $239,900

    • 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
  • /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
  • /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
  • /23

    $219,900

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

    205 N Main St, Spencer, IN 47460

    Step into a piece of history with this enchanting historic home, gracefully nestled on a tree-lined street in the heart of downtown Spencer. This stately residence boasts 4 bedrooms and 2.5 baths. A vintage fireplace adorns the living room and large windows allow a lot of natural light. ADA features, a built in bookcase, original woodwork, and other historic features make this home truly unique.

    Beth Walden Seasons of Indiana Real Estate LLC

    205 N Main St, Spencer, IN 47460
  • /36

    $409,900

    • 3 Beds
    • 2 Baths
    • 2,664 Sq Ft

    752 W Thornridge Way, Spencer, IN 47460

    How would you like to live in this Sparkly new home in one of Owen Counties finest subdivisions. This charming, single level, farmhouse style home sits on a .52 Acre lot and has red vinyl siding with a black metal roof. There are 3 spacious bedrooms, 2 full baths, a huge, attached garage with a workshop, an open concept living, dining, and kitchen area. The Kitchen feature over 25 linear feet of

    Deborah Foutch Owen County Home Company

    752 W Thornridge Way, 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 $199,900. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.46%, 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. 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, 47433, 47431, 47429 and 47404.
What are the most popular neighborhoods near Spencer, Spencer, IN?
The most popular neighborhoods near Spencer, Spencer, IN are Near West Side, Prospect Hill, Old Northeast, McDoel Gardens and Bryan Park.

Home Trends in Spencer, IN

Housing Trends

Median Sale Price
$192,500
Median Single Family Sale Price
$193,000
Median 2 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$143
Number of Homes for Sale
7
Last 12 months Home Sales
41
Months of Supply
2.00
Median List Price
$199,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%
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