20

Spencer, IN Homes for Sale under $200,000

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  • /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

    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

    732 W Thornridge Way, Spencer, IN 47460
  • /22

    $199,000

    $16K 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
  • /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

    0 Concord 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
  • /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
  • /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
  • /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
  • /2

    $79,900

    • Land
    • 7.51 Acres
    • $10,639 per Acre

    702 Johnson Rd, Spencer, IN 47460

    Escape to the peace and privacy of this beautiful 7.51-acre wooded property, conveniently located just 4 miles south of Spencer and only 1.5 miles west of State Highway 43. With approximately 535 feet of county road frontage and paved roads leading to the property, access is easy while still offering a secluded, country setting. The property is heavily wooded, providing an ideal location for a

    Chris Wesley RE/MAX Select Associates, Inc.

    702 Johnson 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
  • /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
  • /2

    $29,500

    • Land
    • 1.27 Acres
    • $23,228 per Acre

    0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460

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

    Christina Hamilton The Stewart Home Group

    0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460
  • /23

    $199,900

    $21K PRICE INCREASE
    • 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 7 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
  • /12

    $45,000

    $38K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 840 Sq Ft

    3402 W Moore Rd, Spencer, IN 47460

    Opportunity knocks to escape to your own slice of serenity with this 1-acre wooded lot nestled just 10 minutes from Spencer, Indiana. Tucked away on a private road that dead-ends into the state forest, this property offers unmatched privacy and natural beauty. Enjoy nearby adventures at McCormick's Creek State Park, Cataract Falls, and Horseman's Campgroundplus golf just minutes away. The 2-bed,

    Kimberley Warner Huff Realty Indiana

    3402 W Moore Rd, Spencer, IN 47460
  • /48

    $195,000

    • Land
    • 15.08 Acres
    • $12,931 per Acre

    00 Rocky Hill Rd, Spencer, IN 47460

    15.08 Wooded acres located one half mile North of Spencer offers a rare opportunity to acquire a mature wooded acreage (last selective timber harvest was 1997) abundant nut producing trees that attract a steady stream of wildlife. There are also several small groves of paw-paw trees, deer, turkey and squirrels are numerous. Abundant species of birds and a decent size population of box turtles

    Rene West West & Co., REALTORS

    00 Rocky Hill Rd, Spencer, IN 47460
  • /18

    $164,900

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 768 Sq Ft

    1131 Parks Dr, Spencer, IN 47460

    Great starter home featuring two bedroom, enclosed front porch and a small deck. Home also has a carport and a detached two car garage. This is almost a half acre lot with a great view towards the town. Easy access to all amenities at an affordable price. Seller requires 10 days on market before reviewing any offers.

    Ronita Walcott Evergreen Real Estate & Auctions

    1131 Parks Dr, Spencer, IN 47460
  • /6

    $39,900

    $20K PRICE DROP
    • Land
    • 4.44 Acres
    • $8,984 per Acre

    Lot B-21 State Road 46, Spencer, IN 47460

    This exceptional, improved 4.44-acre lot is heavily wooded and ready for your dream home. Essential utilities—City water, electricity, and natural gas—are accessible, allowing you to easily carve out your ideal building spot among the trees. Listing agent is related to the seller.

    Carrie Parrish Carpenter, REALTORS-Bloomington

    Lot B-21 State Road 46, Spencer, IN 47460
  • /20

    $75,000

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

    Tract 5 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 5 Hudson Hill Rd, Spencer, IN 47460

Home Price Trends

Median Sale Price
$182,500
Median Single Family Sale Price
$206,500
Median 2 Bedroom Sale Price
$182,500
Average Price Per Sq Ft
$129
Number of Homes for Sale
12
Last 12 months Home Sales
30
Months of Supply
4.80
Median List Price
$222,400
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%
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