Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 3 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 3 | 4 |
Acreage buckets
The median price for land in Spencerville, Ohio is currently $56K per acre. For a typical parcel, the median sale price is $29K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $261K.
Spencerville, Ohio is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Spencerville, Ohio currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Spencerville, Ohio averages $77K per acre. The median price per acre is $56K, which may be more representative of typical transactions. Most parcels sold are around 14,004 sq ft.
The 3-month absorption rate in Spencerville, Ohio is 16.7%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Spencerville, Ohio is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is Binkley Real Estate- Lima.
Land in Spencerville, Ohio typically sells within 151 days of listing. The median time on market is 151 days. Properties are moving slowly in the current balanced 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.