The Fizbit

Fizbo Market Record — April 8, 2026 Compared against 182,059 active listings nationwide, 28 in Spencer, IN, and none in the state of Indiana, here is where this property stands. This property is a 4-bedroom, 3-bath ranch-style traditional home built in 1998 on 10 acres with two stocked ponds. The listing notes recent updates including a new roof, Rheem packaged HVAC system, and a 23kW Generac backup generator for added peace of mind. With its walk-out deck overlooking the land and ponds, this property offers an mix of outdoor recreation and relaxation. Priced at $425,000, this listing ranks in the 93rd percentile for price in Spencer, IN, with only 7% of listings more expensive. However, it falls short in terms of square footage, ranking in the 46th percentile among city listings. Despite its age, the property's lot size is a significant differentiator, ranking in the 79th percentile statewide. A closer look at the specs reveals that this listing is priced above the median for houses in Spencer, IN, with a price-to-median ratio of 1.5x. However, when considering price per square foot, it ranks in the 75th percentile among city listings, suggesting a relatively aggressive pricing strategy. The property's bedroom and bathroom count also exceed the city average by 12% and 29%, respectively. One notable gap is the absence of an attached garage, which is present in 62% of competing listings in Spencer, IN. This may be a point of discussion for potential buyers who prioritize this feature. On the other hand, the property's in-law quarters are a significant differentiator, with only 12% of competing listings offering this amenity. With 28 active listings in Spencer, IN, and an average days-on-market of 65, this market is considered cool, indicating a relatively stable and balanced market with no pressing urgency to sell.