Metropolitan market · Iowa · June 2026 data

Spencer Real Estate Market

The Spencer, IA housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Spencer report in a click.

Median listing price
$215,000
▼ 2.7% YoY
Median $ / sq ft
$125
1,611 sq ft median
Median days on market
49
June 2026
Active listings
55
For sale now
New listings
18
June 2026
Listings with price cuts
23%
Share of active
Median sale price (closed)
$170,000
▼ 17.1% YoY · closed sales
Sale-to-list ratio
99.3%
Closed sales
Homes sold / month
11
Closed sales
Median listing price trend
$221K$205K$190K$174K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Spencer IA · trailing 8 quarters · source: public records and industry data.

The 10-year view
$230K$207K$185K$162K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Spencer IA · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
55
New this month
18
Pending
34
Price-reduced
12

As of June 2026, the median home listed in Spencer, IA asks $215,000 — down 2.7% from a year ago. Homes are taking a median of 49 days to go under contract, and 23% of the 55 active listings have taken a price cut, which points to a balanced market. Figures cover the Spencer, IA metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
61/100
#235 of 932 covered metros
12-month outlook
-0.5%
Flat · model output, not advice
Momentum
18
Value
91
Rental yield
69
Supply risk
33
Market heat
72

Spencer scores 61/100 on our composite Investor Score (#235 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 68% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 2.7% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Spencer ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$969/mo
−$110/mo vs today
At today's rate · 6.43%
$1,079/mo
National weekly average
If rates rise 1% · 7.43%
$1,194/mo
+$115/mo vs today

Principal & interest on the $215,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
60
▲ 445.5% vs 2024
3.6 per 1,000 residents
Net migration (2022–2023)
+11
▲ people, via tax-return records
net income flow −$1.25M/yr
Natural-hazard risk
Very Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Spencer market FAQs

What is the median home price in Spencer?
As of June 2026, the median listing price in Spencer, IA is $215,000, down 2.7% year over year (source: public records and industry data). Figures cover the Spencer, IA metro area.
How fast are homes selling in Spencer?
The median property in Spencer spends 49 days on the market, with 55 homes actively listed and 23% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Spencer?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Spencer and the wider Iowa market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Spencer, IA metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.