Comprehensive market data and analysis• Updated Dec 2025
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 1 | 1 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 7 |
Acreage buckets
The median price for land in Spencer, Ohio is currently $29K per acre. For a typical parcel, the median sale price is $153K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $68K while premium lots reached $741K.
Spencer, Ohio is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Spencer, Ohio currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Spencer, Ohio is 66.7%. The 12-month rate is 58.3%. 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 30 days of listing. The median time on market is 11 days. Properties are moving quickly in the current very hot seller's market.
The current absorption rate in Spencer, Ohio is 66.7% (3-month basis), indicating strong demand. The top-performing broker in this market is M. C. Real Estate.
Over the past 12 months, Spencer, Ohio saw 7 properties sold, totaling $2.6M 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. 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.