Comprehensive market data and analysis• Updated Oct 2026
25.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 6 | 10 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 8 | 16 |
Acreage buckets
The median price for land in Spencer, Iowa is currently $71K per acre. For a typical parcel, the median sale price is $34K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $27K while premium lots reached $325K.
Spencer, Iowa is currently a strong buyer's market with 25.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Spencer, Iowa currently has 25.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Spencer, Iowa is 3.9%. The 12-month rate is 7.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Spencer, Iowa typically sells within 914 days of listing. The median time on market is 1119 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Spencer, Iowa is 3.9% (3-month basis), indicating slow demand. The top-performing broker in this market is Northwest Iowa Realty.
Over the past 12 months, Spencer, Iowa saw 15 properties sold, totaling $1.9M in sales volume. In just the last 3 months, 2 properties changed hands.
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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