Comprehensive market data and analysis• Updated Oct 2026
7.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | 1 | 2 | 2 | 4 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 2 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 4 | 9 |
Acreage buckets
The median price for land in Spencer, Ohio is currently $24K per acre. For a typical parcel, the median sale price is $330K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $125K while premium lots reached $693K.
Spencer, Ohio is currently a balanced market with 7.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Spencer, Ohio currently has 7.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Spencer, Ohio is 13.3%. The 12-month rate is 11.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Spencer, Ohio typically sells within 31 days of listing. The median time on market is 11 days. Properties are moving quickly in the current balanced market.
The current absorption rate in Spencer, Ohio is 13.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is EXP Realty, LLC..
Over the past 12 months, Spencer, Ohio saw 7 properties sold, totaling $2.7M 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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