Comprehensive market data and analysis• Updated Dec 2025
27.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 4 |
Acreage buckets
The median price for land in Spencerville, Indiana is currently $63K per acre. For a typical parcel, the median sale price is $149K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $104K while premium lots reached $181K.
Spencerville, Indiana is currently a strong buyer's market with 27.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Spencerville, Indiana currently has 27.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Spencerville, Indiana typically sells within 76 days of listing. The median time on market is 104 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Spencerville, Indiana stands at $149K. This translates to roughly $63K per acre for the typical parcel size. The average price is $144K, showing a fairly consistent market.
Land in Spencerville, Indiana averages $73K per acre. The median price per acre is $63K, which may be more representative of typical transactions. Most parcels sold are around 3.3 acres.
The current absorption rate in Spencerville, Indiana is 3.7% (3-month basis), indicating slow demand. The top-performing broker in this market is RE/MAX Results.
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.