Spencer, IA metro area Housing Market
Cold MarketComprehensive housing market data for the Spencer, IA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$153K
↑ 10.5% YoY
Days on Market
107 days
↑ 46.6% YoY
Active Inventory
55
↓ 12.7% YoY
Homes Sold
16
↑ 14.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Spencer, IA metro area Market Summary
The Spencer, IA metro area housing market is cooling down. As of January 2026, the median home sale price is $153K, up 10.5% year-over-year. Homes are spending a median of 107 days on the market, 46.6% longer than a year ago.
There are 55 homes for sale — 12.7% fewer than last year. With 3.4 months of supply, this is a seller's market. 13 new listings were added during this period, up 18.2% year-over-year.
Homes are selling for 94.9% of their list price on average, suggesting room for negotiation. 6.3% of homes sell above their asking price. 12.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Iowa Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 64% below the national median, which could indicate stronger cash flow potential.
Spencer, IA metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$239K
Price per Sq Ft
$122
Sale-to-List Ratio
94.9%
Months of Supply
3.4
Sold Above List
6.3%
Price Drops
12.7%
New Listings
13
↑ 18.2% YoY
Pending Sales
15
Off Market in 2 Weeks
0.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.