Why Live in Spencer
Spencer, a neighborhood in northwest Iowa, is known for its deep-rooted community and significant attractions. The Little Sioux and Ocheyedan rivers converge here, and the area is home to the largest county fair in Iowa. Spencer boasts a robust healthcare sector, highlighted by a new emergency department at Spencer Hospital. The neighborhood experienced a major flood in 2024, with ongoing recovery efforts supported by the Spencer Chamber of Commerce. Housing options range from early 1900s American Foursquares and folk-style homes to ranch-style houses and newer subdivisions on the outskirts. Downtown Spencer features Art Deco architecture, a result of rebuilding after a 1931 fire, and includes a variety of regional and national chain stores. The Spencer Recreational Trail spans 12 miles, connecting parks like East Leach Park, which offers a playground, skatepark, and band shell. Stolley Park provides lakefront recreation and an 18-hole golf course. The Spencer Community School District offers college credit courses in high school, and Iowa Lakes Community College has a local campus. U.S. Routes 71 and 18 intersect in Spencer, making it accessible, with a regional airport available for smaller aircraft. The Clay County Fair, a major annual event, draws large crowds with its live music, ferris wheel, vendors, and agricultural expo. Despite a spike in crime in 2020, recent trends show a decrease in property crimes, making Spencer safer than the national average.
Home Trends in Spencer, IA
On average, homes in Spencer, IA sell after 63 days on the market compared to the national average of 50 days. The median sale price for homes in Spencer, IA over the last 12 months is $182,500, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$182,500
Median Single Family Sale Price
$188,000
Median Townhouse Sale Price
$330,000
Median 2 Bedroom Sale Price
$221,500
Median 1 Bedroom Sale Price
$109,900
Average Price Per Sq Ft
$114
Number of Homes for Sale
32
Last 12 months Home Sales
186
Median List Price
$204,200
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-8%