How much does it cost to buy a house in Spencer, IA?

In July 2026 Spencer homes were listed to buy for a median price of $359K, which is a 8% decrease to June 2025 last month, and a 7% decrease to July 2025 last year. The median value of a home listed to buy in Spencer in July 2026 was $207 per sqft, which is a 8% decrease to June 2025 last month, and a 7% decrease to July 2025 last year.

Is it affordable or expensive to buy real estate in Spencer, IA?

It is affordable to buy a house in Spencer. Buying a home in Spencer is 1% less expensive compared with the national average.

Is it a good time to buy real estate in Spencer, IA?

Yes now is a good time to buy property in Spencer, in July 2026, homes in Spencer have decreased in value (price per sqft) by 7% in the last year compared with July 2025.

Is the Spencer, IA housing market slowing down?

The housing market in Spencer is slowing down. In July 2026, homes for sale in Spencer spent a median of 35 days on the market, a 12% decrease from July 2025 last year.

How much money should I make to buy a house in Spencer, IA?

In July 2026, Spencer homes were listed to buy for a median price of $359K, with 25% down you would need $2.15K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $74K.

Is it a good time to sell my house in Spencer, IA?

Yes now is a good time to sell your house in Spencer, in July 2026, homes in Spencer have decreased in value (price per sqft) by 7% in the last year compared with July 2025.