5

Spencer, IN Homes for Sale under $300,000

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  • 280 W Hillside Ave, Spencer, IN 47460
    280 W Hillside Ave, Spencer, IN 47460
    280 W Hillside Ave, Spencer, IN 47460
    /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
  • 3331 Westward Rd, Spencer, IN 47460
    3331 Westward Rd, Spencer, IN 47460
    3331 Westward Rd, Spencer, IN 47460
    /18

    $272,900

    • 3 Beds
    • 2 Baths
    • 1,352 Sq Ft

    3331 Westward Rd, Spencer, IN 47460

    Location, comfort, and convenience all come together in this newly listed home! Situated in an established subdivision with no HOA, this property features county-maintained roads and a desirable setting close to local amenities. This one-level home offers 3 bedrooms and 2 full bathrooms with a functional layout designed for everyday living. Primary Bath has heated tile floor!! The interior

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 792-2555

    3331 Westward Rd, Spencer, IN 47460
  • 4496 Blue Springs Dr, Spencer, IN 47460
    4496 Blue Springs Dr, Spencer, IN 47460
    4496 Blue Springs Dr, Spencer, IN 47460
    /36

    $300,000

    • 3 Beds
    • 4 Baths
    • 1,400 Sq Ft

    4496 Blue Springs Dr, Spencer, IN 47460

    Great find for those seeking an open floor plan ranch home. This 3 bedroom 2 bath home offers tons of potential with a walkout basement space, garage and detached metal polebarn garage that is 24x36 and has concrete floors. Large main level deck shows off morning sunrises. Spacious 5 acre lot offers a level open space perfect for gardening. The property does allow for horses, fencing and

    Amanda Richardson FC Tucker/Bloomington REALTORS

    4496 Blue Springs Dr, Spencer, IN 47460
  • 767 Laymon Ave, Spencer, IN 47460
    767 Laymon Ave, Spencer, IN 47460
    767 Laymon Ave, Spencer, IN 47460
    /15

    $249,900

    • 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
  • 1650 State Road 46, Spencer, IN 47460
    1650 State Road 46, Spencer, IN 47460
    1650 State Road 46, 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
Indiana Owen County Spencer

Real Estate & Homes in Spencer, IN under $300,000

Home Trends in Spencer, IN

On average, homes in Spencer, IN sell after 47 days on the market compared to the national average of 55 days. The median sale price for homes in Spencer, IN over the last 12 months is $192,500, down 12% from the median home sale price over the previous 12 months.

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
6
Last 12 months Home Sales
39
Months of Supply
1.80
Median List Price
$199,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%
How to Buy a Home How to Finance a Home How to Sell a Home

Browse a range of homes for sale under $300,000 in Spencer, offering accessible options for prospective buyers. With 5 listings available, there's a variety of affordable properties to explore, from charming starter homes to spacious family residences. These homes present an excellent opportunity to enter the housing market and secure a property that fits both your preferences and your budget in Spencer, IN.

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