Housing in Spencer, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$120,000
Median List Price
N/A
Price Per Sq Ft
$85
Days on Market
49
Active Inventory
1
Months of Supply
0.5
Seller's market
Zillow Home Value
$250,494
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Sale-to-List Ratio
101.8%
Seller's market
Market Activity
Source: RedfinHomes Sold
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$85
Spencer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Spencer is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$137,500
Median Rent
$425
Total Housing Units
74
Vacancy Rate
20.3%
Owner Occupied
78.0%
Renter Occupied
22.0%
Median Property Tax
$1,813
per year
Monthly Cost (w/ Mortgage)
$750
Housing Types
The current median sale price in Spencer, SD is $120,000 according to Redfin data. Homes spend a median of 49 days on the market. 50.0% of homes sold above asking price. The market has 0.5 months of supply. The median price per square foot is $85. The median rent is $425 per month (Census ACS). About 78.0% of housing units are owner-occupied. The median year homes were built is 1956. There are 74 total housing units.