Spencerville, OH Foreclosures
Current Market Conditions in in Spencerville, OH As of February 2026?
In the past month, Spencerville's real estate market has experienced a notable increase in buyer interest, with a greater number of showings reported for homes on the market. As the fall season approaches, many sellers are becoming motivated to list their homes in hopes of closing deals before the winter months. This has contributed to a slight rise in average home sale prices by approximately 3% month over month, indicating a healthy demand despite seasonal changes.
How much do homes sell for in Spencerville, OH?
The average home price is currently $217,920.
What’s the average rental cost in Spencerville, OH?
The average rental price in Spencerville is $1,168.
What is the most expensive home in Spencerville?
The most expensive home sold in Spencerville had a price of $2,460,777.
What is currently the cheapest priced home in Spencerville, OH?
The cheapest home for sale in Spencerville is priced at $11,385.
Living in Spencerville, OH
Spencerville, OH is a tranquil village that blends rural charm with community spirit. Nestled in a scenic area, it boasts local events, parks, and access to quality education, making it perfect for families and those looking for a peaceful lifestyle.
Buyer vs Seller Market in Spencerville, OH
Despite being a small village, Spencerville's real estate market shows promising trends, particularly for homes priced under $200,000. With more families and young professionals considering relocating to rural areas, interest in Spencerville is steadily increasing. This has led to a slight uptick in home values, particularly in the modest-sized homes that dominate the market.
The demand for single-family homes continues to grow, and with low inventory levels, buyers should act quickly when they find a property that meets their needs. However, the market remains stable, providing opportunities for both buyers and sellers.
Home Value Estimator For Spencerville, OH
There are currently 1,773 real estate properties
in Spencerville, OH,
with a median automated valuation model (AVM) price
of $172,058.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spencerville, OH, 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 Spencerville, OH,
is $217,920.00, with the most expensive house
in Spencerville, OH, topping out
at $2,460,777.00 and the cheapest home
in Spencerville, OH,
clocking in at $11,385.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencerville, OH!
Rent Prices
In Spencerville, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencerville, OH, is on
a rollercoaster ride. The
average rent price in Spencerville, OH,
is $1,168.00. Indeed, when looking to rent in
Spencerville, OH, you can expect to pay as little
as $480.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Spencerville, OH
-- 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.
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