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Foreclosure Homes in Spencerville, OH

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Spencerville, OH Foreclosures

Current Market Conditions in in Spencerville, OH As of April 2026?
In the past month, the real estate market in Spencerville has shown signs of a slight cooling, with some homes staying on the market a little longer than before. However, the inventory remains limited, preventing an oversupply and keeping prices stable. Local demand continues to attract buyers from surrounding areas looking for family homes, which is beneficial for sellers amid tightening conditions.
How much do homes sell for in Spencerville, OH?
The average home price is currently $215,738.
In Spencerville, OH, how many homes are available?
There are currently 11 active home listings available in Spencerville.
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 $2,317,737.
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, Ohio, is a charming small town with a warm community atmosphere. Situated in Allen County, it offers a quaint hometown vibe while being easily accessible to larger cities like Lima and Delphos. Residents enjoy a slower pace of life with ample green spaces and local businesses contributing to the area's appeal.

Buyer vs Seller Market in Spencerville, OH

The real estate market in Spencerville has experienced a steady increase in demand, particularly among young families seeking affordable housing in a friendly environment. Listings are moving quickly, often receiving multiple offers, which indicates a competitive market. Homes are generally priced below the national average, making it an attractive location for buyers.

More recently, the trend has shifted slightly, with an influx of buyers looking for investment properties. This trend is driven by the charm of small-town living and the accessibility of nearby urban centers.

Home Value Estimator For Spencerville, OH

There are currently 1,776 real estate properties in Spencerville, OH, with a median automated valuation model (AVM) price of $167,298.00. 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 $215,738.00, with the most expensive house in Spencerville, OH, topping out at $2,317,737.00 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.

Spencerville, OH Foreclosures

Market Trend for Spencerville, OH

Total Listings Available: 11

Market Values:

Home Prices from $11,385 to $2,317,737

Average Sales Price: $215,738

Rental Values:

Rental from $480 to $1,880

Average Rent Value: $1,168 / month

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