Comprehensive market data and analysis• Updated Oct 2026
8.2 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 5 | 6 | 6 | 6 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | 1 | 4 | 5 | 7 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | 5 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 6 | 11 | 12 | 23 |
Acreage buckets
The median price for land in Spencer, Indiana is currently $13K per acre. For a typical parcel, the median sale price is $69K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $215K.
Spencer, Indiana is currently a balanced market with 8.2 months of supply. Conditions favor neither buyers nor sellers significantly.
Spencer, Indiana currently has 8.2 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Spencer, Indiana averages $52K per acre. The median price per acre is $13K, which may be more representative of typical transactions. Most parcels sold are around 5.0 acres.
Over the past 12 months, Spencer, Indiana saw 23 properties sold, totaling $2.8M in sales volume. In just the last 3 months, 11 properties changed hands.
The median land price in Spencer, Indiana stands at $69K. This translates to roughly $13K per acre for the typical parcel size. The average price is $121K, indicating some higher-priced properties pulling up the average.
Land in Spencer, Indiana typically sells within 110 days of listing. The median time on market is 85 days. Properties are moving at a moderate pace in the current balanced market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Spencer on LandyDandy.
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