Is Spencerville a buyer's or seller's market right now?

Spencerville is currently a seller's market with 0.8 months of supply. 33.3% of homes sell above asking price, and 66.7% go pending within two weeks. The Ridley Sell Score for Spencerville is 55/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Spencerville?

The median home price in Spencerville is $69,000, down 81.1% year-over-year. The median price per square foot is $79. Homes sell in a median of 34 days with a sale-to-list ratio of 90.3%.

How much does it cost to sell a home in Spencerville, Ohio?

On a $69,000 home in Spencerville, a traditional listing agent charges around $2,070 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $5,520 or more. With Ridley Essentials ($999) you save $1,071, and with Ridley Pro ($3,499) you save -$1,429 while getting full agent support.

How does Ridley's flat fee compare to a traditional Spencerville agent?

A traditional Spencerville listing agent typically charges 3% of the sale price — about $2,070 on a $69,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $1,071–-$1,429 compared to a traditional agent.

How long does it take to sell a home in Spencerville?

The median home in Spencerville currently spends 34 days on the market before going under contract, down 40% from last year. 66.7% of homes go pending within two weeks. At a 90.3% sale-to-list ratio, sellers are seeing some negotiation. Only 20% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Ohio?

No. Ohio does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $69,000 home, that could save you up to -$1,429.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Ohio. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $2,070 commission.

National/Ohio

Spencerville, OH

Is Now a Good Time to Sell in Spencerville, Ohio?

The median home in Spencerville sells for $69,000 with prices down 81.1% year-over-year. The average seller pays $2,070 in commissions — Ridley’s flat fee saves you -$1,429.

Spencerville Real Estate Market Conditions — April 2026

55out of 100

Ridley Sell Score

How it's scored →

Moderate

55/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Spencerville market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

0.8 months of supply — well below the 5-month balanced threshold — 65% below the Ohio average of 2.3.

Price MomentumFavors buyers

Prices down 81.1% year-over-year — vs. +9.8% statewide.

Seller LeverageFavors buyers

Homes selling at 90.3% of asking — buyers are negotiating 9.7% below list. Ohio average is 97%.

Bidding ActivityFavors sellers

33.3% of homes selling above list price — 51% above the Ohio average of 22%.

Sale SpeedFavors sellers

34 median days on market — 38 days faster than the Ohio average.

Market UrgencyFavors sellers

66.7% of listings go pending within 2 weeks — vs. 25.5% statewide.

Price StabilityNeutral

20% of listings have dropped their price. Ohio average is 17.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$69,000

-81.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-40%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$79

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

90.3%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

0.8

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

33.3%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

20%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

66.7%

Fast-moving

12-Month Price Trend

$92,500 → $69,000

▼25.4%

$90K$80K$70K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Spencerville — delivered monthly.

Your savings

How much can you save selling your home in Spencerville?

The average Spencerville homeowner saves -$1,429 by selling with Ridley instead of paying the traditional 3% listing commission on a $69,000 home.

$0Estimated savings

That covers your moving costs — save -2.1% of your home value

Your Spencerville home value

$69,000

$50,000$10M

Traditional Agent (3%)

$2,070

Ridley Pro (flat fee)

$3,499

Ready to sell in Spencerville?

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Cost comparison

How much does it cost to sell a house in Spencerville?

The total cost to sell a house in Spencerville in 2026 ranges from $999 with Ridley Essentials to approximately $2,070 with a traditional 3% commission on a $69,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$2,070	$3,499	$999	$0
Buyer agent	$1,9322.8% avg	$1,380~2% avg	$1,380~2% avg	$1,9322.8% avg
Closing costs (~1.5%)	$1,035	$1,035	$1,035	$1,035
Total cost	$5,037	$5,914	$3,414	$2,967
Net proceeds	$63,963	$63,086	$65,586	$66,033
You save	—	-$877	$1,623	$2,070No support