Comprehensive market data and analysis• Updated Dec 2025
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 4 | 7 | 16 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | 1 | 2 | 2 | 5 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 6 | 11 | 27 |
Acreage buckets
The median price for land in Spencer, Oklahoma is currently $24K per acre. For a typical parcel, the median sale price is $24K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $12K while premium lots reached $112K.
Spencer, Oklahoma is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 206.7% year-over-year.
Spencer, Oklahoma currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 32 active listings in Spencer, Oklahoma. 12 new listings have hit the market in the last 90 days. The median asking price is $29K.
Land in Spencer, Oklahoma averages $34K per acre. The median price per acre is $24K, which may be more representative of typical transactions. Most parcels sold are around 30,056 sq ft.
The current absorption rate in Spencer, Oklahoma is 6.3% (3-month basis), indicating slow demand. With appreciating values (+206.7% YoY), the market shows growth potential. The top-performing broker in this market is Brix Realty.
The 3-month absorption rate in Spencer, Oklahoma is 6.3%. The 12-month rate is 7.0%. 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. 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.
