Frequently Asked Questions

Are house prices dropping in Spencer?

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $31,227.50. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Spencer at this time?

The housing market and house prices in Spencer are going down. The average house price is $344,450.00 and the average price per square feet is $186.41 per square foot. At the moment, there are 279 homes listed - 58 active, 13 pending, and 208 sold in Spencer.

What is the most popular place to buy a house in Spencer?

The most popular place to buy a home in Spencer is 6010 - Owen - Washington. 6010 - Owen - Washington has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Spencer?

The average amount of property taxes you would have to pay for a home in Spencer is $1,958.43. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Spencer being sold?

Properties in Spencer stay on the market for an average of 123 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Spencer?

The last home listed in Spencer was 12 minutes ago.

Can you visit houses in Spencer?

Currently, there are 0 open houses available for viewing in Spencer.

What is the most expensive house in Spencer?

The cost of the most expensive home in Spencer is $2,499,999.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Spencer?

The cost of the cheapest home in Spencer is $99,500.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Spencer?

The oldest home in Spencer was built in 1900, and the newest in 2025.

How big are the homes in Spencer?

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The average property size in Spencer is 2124.64 sq.ft., the largest being 5392 sq.ft., and the smallest being 768 sq.ft.

Lot Dimensions:

IRREGLAUR

Lot Description:

Corner, 0 2.9999

Total Sq. Ft.:

1, 728

Basement:

Directions:

From Morgan St Head S On Washington St, Turn R On E Wayne St, Property On L

Schools

High School:

Owen Valley

Middle School:

Owen Valley

Elementary School:

Spencer

Tax and Financial Info

Semi-Annual Property Tax:

$2, 718

Tax Year:

2024

Quick View

Address:

101 E Wayne Street Spencer IN 47460

Status:

Active

On Site:

505 Days On Site

Price:

$409, 900

Bedrooms:

2 Beds

Bathrooms:

1 Full Baths, 1 Half Baths

Sq. Feet:

1, 728

Year Built:

1991

Lot Size:

0.12

County:

Owen County

Township:

Washington

MLS #:

202504309

Property Type:

Site Built Home

Community Information

City:

Spencer

Subdivision:

None

Zip Code:

47460

Rooms

Type	Dimensions	Level
Master Bedroom	10 x 15	Upper
2nd Bedroom	9 x 12	Upper
Kitchen	13 x 9	Main
Living Room	13 x 13	Main

Active

$409,900

2 Beds

2 Baths

1,728 Sq. Ft.

101 E Wayne Street, Spencer, IN, 47460

Est. Payments: $0/mo

Residential

Built in 1991

505 days on Site

0.12 Lot Size

Central Air

Electric

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

INVESTORS!!! This property is a cash flow ready investment opportunity. These duplexes are in great structural condition, have a newer metal roof, off street parking spaces, and a strong rental history. The kitchen, the living space, a half bath located downstairs & the two bedrooms and a full bath upstairs. All 4 of these units have the ...

Source: IRMLS as distributed by MLS GRID, MLS ID: 202504309

Listing provided courtesy of Taylor Kay 812-714-8250 with Keith Realty & Auction Group

Last Updated: 8/6/2025 | 1:28 PM

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About the Neighborhood

Spencer offers a peaceful and quiet environment with generally low traffic noise throughout the town. This community features a charming mix of housing primarily built before 1960, including many single detached homes along with duplexes and mobile homes, providing varied options for residents. Local amenities include a selection of restaurants and coffee shops that contribute to a welcoming atmosphere. Nearby primary schools make education accessible within the area. While the landscape includes some slopes, the community is not designed for extensive biking, but convenience for grocery shopping helps support everyday needs. Overall, Spencer presents a tranquil and established neighborhood.

Learn more about

Spencer Market Report

Avg. Days on Market

147

Avg. Price Per Sq. Ft.

199.97

Median List Price

$382,000

Homes Listed

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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