Comprehensive market data and analysis• Updated Dec 2025
10.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 5 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | - | 1 | 2 | 8 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | 1 | 1 | 3 | 3 |
| 20-50 acres | - | 4 | 6 | 6 |
| 50-100 acres | - | 1 | 1 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 7 | 14 | 29 |
Acreage buckets
The median price for land in Spencer, Indiana is currently $9K per acre. For a typical parcel, the median sale price is $35K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $17K while premium lots reached $297K.
Spencer, Indiana is currently a buyer's market with 10.3 months of supply. Buyers have more negotiating power and can take time to find the right property.
Spencer, Indiana currently has 10.3 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in Spencer, Indiana averages $24K per acre. The median price per acre is $9K, which may be more representative of typical transactions. Most parcels sold are around 4.4 acres.
Over the past 12 months, Spencer, Indiana saw 29 properties sold, totaling $3.5M in sales volume. In just the last 3 months, 7 properties changed hands.
The median land price in Spencer, Indiana stands at $35K. This translates to roughly $9K per acre for the typical parcel size. The average price is $120K, indicating some higher-priced properties pulling up the average.
Land in Spencer, Indiana typically sells within 61 days of listing. The median time on market is 28 days. Properties are moving at a moderate pace in the current buyer's 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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
