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Foreclosure Homes in Spencer, IA 51301

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Spencer, IA Foreclosures

Current Market Conditions in in Spencer, IA As of April 2026?
In the past month, Spencer's real estate market has remained stable, with slight fluctuations in home prices. New listings have been introduced, but they are being matched by buyer interest, resulting in homes selling relatively quickly. The average home price has seen a modest increase, indicating a continued demand in the area.
How much do homes sell for in Spencer, IA?
The average home price is currently $231,330.
In Spencer, IA, how many homes are available?
There are currently 79 active home listings available in Spencer.
What’s the average rental cost in Spencer, IA?
The average rental price in Spencer is $1,252.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $13,842,676.
What is currently the cheapest priced home in Spencer, IA?
The cheapest home for sale in Spencer is priced at $11,345.

Living in Spencer, IA

Spencer, Iowa offers a welcoming community with a small-town feel and big-city amenities. Residents enjoy access to quality schools, recreational activities, and a variety of local businesses. With its annual events and beautiful parks, Spencer is an ideal place for families and individuals seeking a balanced lifestyle.

Buyer vs Seller Market in Spencer, IA

Spencer's real estate market is currently experiencing a steady demand, driven by a combination of affordable housing options and an increasing population looking for a quieter lifestyle outside of larger urban centers.

The market has shown signs of growth over the past few years, with a consistent rise in home values and a decrease in the number of homes for sale. This trend indicates a competitive market, where buyers are becoming more proactive in their search for properties.

Home Value Estimator For Spencer, IA

There are currently 5,864 real estate properties in Spencer, IA, with a median automated valuation model (AVM) price of $175,621.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spencer, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spencer, IA, is $231,330.00, with the most expensive house in Spencer, IA, topping out at $13,842,676.00 and the cheapest home in Spencer, IA, clocking in at $11,345.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, IA!

Rent Prices In Spencer, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, IA, is on a rollercoaster ride. The average rent price in Spencer, IA, is $1,252.00. Indeed, when looking to rent in Spencer, IA, you can expect to pay as little as $680.00 or as much as $2,370.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Spencer, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Spencer, IA 51301 Foreclosures

Market Trend for Spencer, IA

Total Listings Available: 79

Market Values:

Home Prices from $11,345 to $13,842,676

Average Sales Price: $231,330

Rental Values:

Rental from $680 to $2,370

Average Rent Value: $1,252 / month

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