Spencer SD Real Estate & Homes For Sale
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Buying a Home in Spencer SD: Frequently Asked Questions
How much do homes cost in Spencer SD?
The Zillow Home Value Index for Spencer, SD stands at $257,891 as of September 2026. That figure reflects the value of all homes in the area, not only the ones currently listed for sale, so it offers a broader picture than asking prices alone.
Are home values going up or down in Spencer SD?
Home values in Spencer, SD have moved up over the past year, with the Zillow Home Value Index increasing 9.4% as of September 2026. That increase puts the overall value of homes in the area at $257,891.
Is Spencer SD a buyer's or seller's market?
Spencer, SD is currently a strong buyer's market, according to the Zillow Market Temperature. That label generally means buyers have more time to decide and more room to negotiate, while homes tend to sell more slowly and with less competition.
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