Spencerville, IN Real Estate Market Summary – September 7, 2026
In Spencerville, IN, the overall market has seen a total of 5 homes sold in the last month. The average living area for these properties is approximately 2,124 square feet, with a median living area of about 2,344 square feet. Homes in this area are taking an average of about 16 days to go under contract.
| Metric | 30 Days |
|---|---|
| Number Sold | 5 |
| Sold Per Day | 1 every 6.00 days |
| Average SQFT | 2124 |
| Median Sales Price | $450,000 |
| Average Sales Price | $415,180 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 16 |
| Average Year Built | 1988 |
Spencerville, IN Single Family Home Analysis
For single-family homes, 4 properties were sold with an average living space of 2,295 square feet, and a median living space of 2,454 square feet. These homes typically went under contract after about 17 days on the market, with an average sale price of $451,500 and a median price of $493,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 4 |
| Sold Per Day | 1 every 7.50 days |
| Average SQFT | 2295 |
| Median Sales Price | $493,000 |
| Average Sales Price | $451,500 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 17 |
| Average Year Built | 1984 |
Spencerville, IN Condo & Townhome Analysis
Only 1 condo or townhome sold, featuring a living space of 1,441 square feet. This property was listed for approximately 12 days before being contracted, with a sale price of $269,900.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 1441 |
| Median Sales Price | $269,900 |
| Average Sales Price | $269,900 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 12 |
| Average Year Built | 2007 |
Buyer & Seller Analysis
- 1 new listing every 6.00 days on average
- Average days on market is 16 days for all properties
- Median sale price for single-family homes is $493,000
- The condo sold had a sale price of $269,900
- Data may not include all sale prices due to state regulations.
Conclusion
Overall, the Spencerville market is showing a moderate pace of activity with a steady flow of listings. The days on market suggest properties are being contracted relatively quickly, indicating a balanced interest from potential homeowners.