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 2540 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 Features:

Access, Rural Subdivision

Water Source:

Public

Directions:

GPS Friendly

Schools

High School:

Owen Valley Community High School

Middle School:

Owen Valley Middle School

Elementary School:

Mc Cormick'S Creek Elementary Sch

Tax and Financial Info

Semi-Annual Property Tax:

Tax Year:

2025

Monthly HOA Fee:

$25.00

HOA Fee Paid:

Annually

Quick View

Address:

127 Walnut Road Spencer IN 47460

Status:

Active

On Site:

248 Days On Site

Price:

$54, 900

Lot Size:

0.37

County:

Owen

Township:

Washington

MLS #:

22070410

Property Type:

Residential Lots

Community Information

Area:

6010 Owen Washington

City:

Spencer

Subdivision:

Four Oaks

Zip Code:

47460

Active

$54,900

Beds

Baths

Sq. Ft.

127 Walnut Road, Spencer, IN, 47460

Est. Payments: $0/mo

Land

Built in null

248 days on Site

0.37 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you're well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed...

Source: MIBOR as distributed by MLS GRID, MLS ID: 22070410

Listing provided courtesy of Robert Ranard 844-821-6051 with HOME TEAM Properties

Last Updated: 5/13/2026 | 3:10 PM

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About the Neighborhood

Zip Code 47460 offers a peaceful neighborhood with quiet surroundings that provide a restful atmosphere for residents. The area features a mix of housing constructed steadily over several decades, showcasing a variety of two and three-bedroom detached homes that contribute to its distinctive character. Primary schools are conveniently located throughout the area, making education access straightforward. Pharmacies are also typically easy to reach, providing access to essential goods. Although the neighborhood has some slopes and limited cycling infrastructure, the overall environment remains serene and welcoming. The community balance of housing types adds to the neighborhood’s charm and lasting appeal.

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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