Spencer, IA metro area Housing Market Brief
metro · as of May 2026
What is Spencer, IA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Spencer, IA metro area in its market cycle?
Spencer, IA metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Spencer, IA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $170K | ▼ -17.1% |
| Median Days on Market | 65 days | ▲ +16.1% |
| Months of Supply | 6.1 | ▲ +177.3% |
| Homes for Sale | 67 | ▲ +34% |
| Homes Sold | 11 | ▼ -52.2% |
| Median Price / Sq Ft | $121 | ▼ -10.6% |
| Sale-to-List Ratio | 99.3% | ▲ +0.1% |
How has Spencer, IA metro area’s Alpha Score moved?
Markets like Spencer, IA metro area
Frequently asked questions
Is Spencer, IA metro area a buyer's or seller's market?
As of May 2026, Spencer, IA metro area is classified as a Balanced Market, based on its Alpha Score of 56 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Spencer, IA metro area?
The median sale price in Spencer, IA metro area is $170K, having fallen 17.1% over the past year.
How affordable is Spencer, IA metro area?
Spencer, IA metro area scores 71 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Spencer, IA metro area's Alpha Score?
Spencer, IA metro area's strongest dimension is Affordability (71/100) and its weakest is Inventory Health (43/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Spencer, IA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.