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New Construction Homes for Sale in Spencer, IN

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  • 00 Concord Rd, Spencer, IN 47460
    00 Concord Rd, Spencer, IN 47460
    00 Concord Rd, Spencer, IN 47460
    /3

    $90,000 Lot/Land

    00 Concord Rd, Spencer, IN 47460

    • 1.04 Acres
    • $86,372 per Acre

    Opportunity to own a 1.042 acre, m/l parcel of land located in Owen County, with access to natural gas, city water, and electricity, making it well-suited for a variety of potential uses. Property is located on the corner of a busy traffic area, just East of Dollar General and offers a clean slate of possibilities! The property will require installation of a septic system. With essential

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 609-8576

    00 Concord Rd, Spencer, IN 47460
  • 732 W Thornridge Way, Spencer, IN 47460
    732 W Thornridge Way, Spencer, IN 47460
    732 W Thornridge Way, Spencer, IN 47460
    /19

    $35,000 Lot/Land

    732 W Thornridge Way, Spencer, IN 47460

    • 0.42 Acre
    • $83,333 per Acre

    Motivated seller! This partially cleared wooded lot is larger than it appears from the street! The survey is attached for reference. Possibility of building a walk-out home on this serene nearly half acre lot in upscale Thornridge subdivision! So many options with this lot's location! It is less than 30 minutes from the Indiana University campus, 3 minutes to downtown Spencer, and one hour from

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 441-4131

    732 W Thornridge Way, Spencer, IN 47460
  • 2.861A State Road 46, Spencer, IN 47460
    2.861A State Road 46, Spencer, IN 47460
    2.861A State Road 46, Spencer, IN 47460
    /18

    $524,900 Lot/Land

    2.861A State Road 46, Spencer, IN 47460

    • 2.86 Acres
    • $183,467 per Acre
    Agent Photo

    Chris Clark

    Century 21 Scheetz - Bloomington

    (812) 561-7297

    2.861A State Road 46, Spencer, IN 47460
  • 0 Concord Rd, Spencer, IN 47460
    0 Concord Rd, Spencer, IN 47460
    0 Concord Rd, Spencer, IN 47460
    /3

    $90,000 Lot/Land

    0 Concord Rd, Spencer, IN 47460

    • 1.04 Acres
    • $86,372 per Acre

    Opportunity to own a 1.042 acre, m/l parcel of land located in Owen County, with access to natural gas, city water, and electricity, making it well-suited for a variety of potential uses. Property is located on the corner of a busy traffic area, just East of Dollar General and offers a clean slate of possibilities! The property will require installation of a septic system. With essential

    Agent Photo

    Trent Keith

    Keith Realty & Auction Group

    (812) 472-2178

    0 Concord Rd, Spencer, IN 47460
  • 1196 Hoot Rd, Spencer, IN 47460
    1196 Hoot Rd, Spencer, IN 47460
    1196 Hoot Rd, Spencer, IN 47460
    /10

    $361,480 Lot/Land

    1196 Hoot Rd, Spencer, IN 47460

    • 51.3 Acres
    • $7,046 per Acre

    Discover this 51.32 acres in Owen County, Indiana, offering the perfect blend of income and recreation. With 14.91 acres of productive tillable ground currently rented to a local farmer, this property provides steady income that can also create a prime food source to draw deer from miles away. The remaining 36.4 acres of rolling timber feature natural draws and cuts that make stand placement

    Kyle Scott Hageman Realty Residential

    1196 Hoot Rd, Spencer, IN 47460
  • Tract 1 N US Highway 231, Spencer, IN 47460
    Tract 1 N US Highway 231, Spencer, IN 47460
    Tract 1 N US Highway 231, Spencer, IN 47460
    /17

    $98,100 Lot/Land

    Tract 1 N US Highway 231, Spencer, IN 47460

    • 6.54 Acres
    • $15,000 per Acre

    6.54 wooded acres offering privacy and a beautiful rural setting. Ideal for your next homesite! Convenient location, just 15 minutes to 1-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional acreage available.

    Khloe Anderson Land Pro Realty

    Tract 1 N US Highway 231, Spencer, IN 47460
  • Tract 7 Hudson Hill Rd, Spencer, IN 47460
    Tract 7 Hudson Hill Rd, Spencer, IN 47460
    Tract 7 Hudson Hill Rd, Spencer, IN 47460
    /19

    $75,000 Lot/Land

    Tract 7 Hudson Hill Rd, Spencer, IN 47460

    • 5 Acres
    • $15,000 per Acre

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 7 Hudson Hill Rd, Spencer, IN 47460
  • Tract 2 N US Highway 231, Spencer, IN 47460
    Tract 2 N US Highway 231, Spencer, IN 47460
    Tract 2 N US Highway 231, Spencer, IN 47460
    /20

    $149,900 Lot/Land

    Tract 2 N US Highway 231, Spencer, IN 47460

    • 10 Acres
    • $14,990 per Acre

    10 wooded acres with partial clearing, offering privacy and a beautiful rural setting. Ideal for your next homesite. Convenient location, just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional

    Khloe Anderson Land Pro Realty

    Tract 2 N US Highway 231, Spencer, IN 47460
  • 127 Walnut St, Spencer, IN 47460
    127 Walnut St, Spencer, IN 47460
    127 Walnut St, Spencer, IN 47460
    /3

    $54,900 Lot/Land

    127 Walnut St, Spencer, IN 47460

    • 0.37 Acre
    • $148,378 per Acre

    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, well-crafted homes created specifically for the people

    Rob Ranard HOME TEAM Properties

    127 Walnut St, Spencer, IN 47460
  • Tract 6 Hudson Hill Rd, Spencer, IN 47460
    Tract 6 Hudson Hill Rd, Spencer, IN 47460
    Tract 6 Hudson Hill Rd, Spencer, IN 47460
    /21

    $75,000 Lot/Land

    Tract 6 Hudson Hill Rd, Spencer, IN 47460

    • 5 Acres
    • $15,000 per Acre

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 6 Hudson Hill Rd, Spencer, IN 47460
  • 1899 Park Hill Dr, Spencer, IN 47460
    1899 Park Hill Dr, Spencer, IN 47460
    1899 Park Hill Dr, Spencer, IN 47460
    /3

    $25,000 Lot/Land

    1899 Park Hill Dr, Spencer, IN 47460

    • 2.9 Acres
    • $8,621 per Acre

    Great wooded lots awaiting your new home in Park Hill Estates.

    Christina Hamilton The Stewart Home Group

    1899 Park Hill Dr, Spencer, IN 47460
  • Tract 3 N US Highway 231, Spencer, IN 47460
    Tract 3 N US Highway 231, Spencer, IN 47460
    Tract 3 N US Highway 231, Spencer, IN 47460
    /21

    $149,900 Lot/Land

    Tract 3 N US Highway 231, Spencer, IN 47460

    • 10 Acres
    • $14,990 per Acre

    10 wooded acres with 3.25 acre clearing, offering privacy and a beautiful natural setting; ideal for your next homesite. Convenient location with 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional

    Khloe Anderson Land Pro Realty

    Tract 3 N US Highway 231, Spencer, IN 47460
  • Tract 4 N US Highway 231, Spencer, IN 47460
    Tract 4 N US Highway 231, Spencer, IN 47460
    Tract 4 N US Highway 231, Spencer, IN 47460
    /18

    $149,900 Lot/Land

    Tract 4 N US Highway 231, Spencer, IN 47460

    • 10 Acres
    • $14,990 per Acre

    10 wooded acres with 3 acre clearing, offering privacy and a beautiful rural setting; ideal for your next homesite! Convenient location, just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great opportunity for peaceful country living with easy access to nearby towns and amenities! Additional

    Khloe Anderson Land Pro Realty

    Tract 4 N US Highway 231, Spencer, IN 47460
  • 886 W Franklin St, Spencer, IN 47460
    886 W Franklin St, Spencer, IN 47460
    886 W Franklin St, Spencer, IN 47460
    /12

    $800,000 Lot/Land

    886 W Franklin St, Spencer, IN 47460

    • 3.61 Acres
    • $221,607 per Acre

    CALLING ALL INVESTORS! This location can't be beat. Right across from CVS Pharmacy in Spencer with direct road frontage of US 231 Morgan Street/State Road 46. This property also has access from a stoplight making it a great spot for future development! The possibilities are endless. Don't miss the opportunity to invest in a great location for your business to thrive!

    Ashton Franklin F.C. Tucker Company

    886 W Franklin St, Spencer, IN 47460
  • 0 Pottersville Rd Unit MBR22046692, Spencer, IN 47460
    0 Pottersville Rd Unit MBR22046692, Spencer, IN 47460
    /2

    $175,000 Lot/Land

    0 Pottersville Rd Unit MBR22046692, Spencer, IN 47460

    • 22.29 Acres
    • $7,851 per Acre

    22.29 Wooded Acres - A Private Slice of Nature in Owen County, IN Nestled in the heart of scenic Owen County, this 22.29-acre wooded retreat offers the perfect blend of privacy, natural beauty, and rural charm. Located just outside Spencer, Indiana, this property is ideal for outdoor enthusiasts, hunters, or anyone seeking a peaceful escape from the hustle and bustle. With a mix of mature

    Suzzanna Broyles Gemini Realty Grp Inc

    0 Pottersville Rd Unit MBR22046692, Spencer, IN 47460
  • 1650 State Road 46, Spencer, IN 47460
    1650 State Road 46, Spencer, IN 47460
    1650 State Road 46, Spencer, IN 47460
    /3

    $259,900 Lot/Land

    1650 State Road 46, Spencer, IN 47460

    • 14.44 Acres
    • $17,999 per Acre

    This 14.44-acre property offers a unique combination of visibility, access, and natural beauty—just minutes east of downtown Spencer. With approximately 1,200 feet of frontage along State Highway 46, the property provides excellent exposure and convenient access for residential, recreational, or small commercial development. The front portion of the property features level, open acreage ideal for

    Chris Wesley RE/MAX Select Associates, Inc.

    1650 State Road 46, Spencer, IN 47460
  • 0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460
    0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460
    /2

    $29,500 Lot/Land

    0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460

    • 1.27 Acres
    • $23,228 per Acre

    Great wooded lots awaiting your new home in Park Hill Estates.

    Christina Hamilton The Stewart Home Group

    0 Park Hill Dr Unit MBR21824365, Spencer, IN 47460
  • Tract 8 Hudson Hill Rd, Spencer, IN 47460
    Tract 8 Hudson Hill Rd, Spencer, IN 47460
    Tract 8 Hudson Hill Rd, Spencer, IN 47460
    /18

    $75,000 Lot/Land

    Tract 8 Hudson Hill Rd, Spencer, IN 47460

    • 5 Acres
    • $15,000 per Acre

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 8 Hudson Hill Rd, Spencer, IN 47460
  • Tract 5 Hudson Hill Rd, Spencer, IN 47460
    Tract 5 Hudson Hill Rd, Spencer, IN 47460
    Tract 5 Hudson Hill Rd, Spencer, IN 47460
    /20

    $75,000 Lot/Land

    Tract 5 Hudson Hill Rd, Spencer, IN 47460

    • 5 Acres
    • $15,000 per Acre

    This beautiful 5-acre wooded parcel offers the perfect blend of privacy and possibility. Ready for your custom home! Mature trees provide natural beauty and seclusion while giving you room to create your ideal homesite. Convenient location just 15 minutes to I-70/Cloverdale, 50 minutes to Bloomington, under an hour to Indianapolis, and 10-15 minutes to Cagles Mill Lake/Lieber State Park. A great

    Khloe Anderson Land Pro Realty

    Tract 5 Hudson Hill Rd, Spencer, IN 47460
New Homes Indiana Spencer

New Homes & Communities in Spencer

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Spencer, IN usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Spencer, IN hold their value?
Yes, especially in fast-growing areas of Spencer, IN. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Spencer, IN

On average, homes in Spencer, IN sell after 47 days on the market compared to the national average of 55 days. The median sale price for homes in Spencer, IN over the last 12 months is $192,500, down 12% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$192,500
Median Single Family Sale Price
$193,000
Median 2 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$144
Number of Homes for Sale
6
Last 12 months Home Sales
41
Months of Supply
1.80
Median List Price
$199,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%
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