36

Spencer, IN Homes for Sale under $300,000

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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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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

    $189,900

    $11K 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
  • /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
  • /16

    $250,000

    • 3 Beds
    • 2 Baths
    • 1,416 Sq Ft

    534 Paw Paw Rd, Spencer, IN 47460

    Tucked away at the end of a quiet dead-end road, this rare 15-acre wooded retreat offers exceptional privacy and endless potential. Surrounded by the breathtaking Greens Bluff Nature Preserve, this secluded 3-bedroom, 2-bath home is a nature lover's dream, with abundant wildlife, peaceful wooded views, and the tranquility you've been searching for. The home features an attached two-car garage and

    Tara White Century 21 Scheetz - Bloomington

    534 Paw Paw 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
  • /25

    $264,900

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

    213 N 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 N Fletcher Ave, Spencer, IN 47460
  • /40

    $284,900

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,776 Sq Ft

    7266 Locust Lake West Dr, Spencer, IN 47460

    Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home

    Corey Mauder Century 21 Scheetz - Bloomington

    7266 Locust Lake West Dr, Spencer, IN 47460
  • /28

    $249,900

    $25K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,031 Sq Ft

    168 E North St, Spencer, IN 47460

    Welcome home to this charming limestone ranch in Spencer! This well maintained 3-bedroom, 2 full bath home offers the perfect blend of comfort and functionality. Featuring a spacious layout of 2031 sq ft with a practical kitchen and cozy dining area with fireplace ideal for everyday living or entertaining. The attached 2 car garage provides convenience while the additional carport offers more

    Tara White Century 21 Scheetz - Bloomington

    168 E North St, Spencer, IN 47460

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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