Comprehensive market data and analysis• Updated Oct 2026
18.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 7 | 13 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | 1 | 4 | 6 |
| 5-10 acres | - | 1 | 2 | 4 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 5 | 15 | 28 |
Acreage buckets
The median price for land in Spencer, Oklahoma is currently $20K per acre. For a typical parcel, the median sale price is $26K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $12K while premium lots reached $93K.
Spencer, Oklahoma is currently a strong buyer's market with 18.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Spencer, Oklahoma currently has 18.6 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 31 active listings in Spencer, Oklahoma. 15 new listings have hit the market in the last 90 days. The median asking price is $28K.
Land in Spencer, Oklahoma averages $28K per acre. The median price per acre is $20K, which may be more representative of typical transactions. Most parcels sold are around 1.1 acres.
The current absorption rate in Spencer, Oklahoma is 5.4% (3-month basis), indicating slow demand. The top-performing broker in this market is Keller Williams Realty Elite.
The 3-month absorption rate in Spencer, Oklahoma is 5.4%. 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.
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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