Current Price

$267,255

1 Month Forecast

â–² $268,511

1-Year Forecast *

â–² $277,729

5-Year Forecast *

â–² $299,629

"Is it a good time to buy homes in Spencer?" "Does investing in real estate in Spencer (South Dakota State, McCook County) worth it?" According to our live Forecast System, buying a house in Spencer is a not so good short-term (1-year) investment*. The Spencer average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Spencer" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Spencer in South Dakota State, McCook County. If you are looking for homes for sale with good flipping profit, Spencer can be a profitable property investment option. The median price of an average house in Spencer was 267,255 USD on 2026-02-16. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Spencer" area is 299,629 USD by 2031-02-16. For a 5-year investment the profit is expected to be around +12.11% meaning that investing 100000 USD today may yield a profit of 12,113 USD by 2031.

Current Median Listing Price: 267,255 USD Median Listing Price Per Square Foot: 148 USD

Spencer Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Spencer (South Dakota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Spencer Price Target

Spencer median home price target in 12 months: $277,729* (upside of 3.9%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $259,304 $267,255 $259,304 $267,542
2023 $262,991 $259,453 $257,180 $262,991
2022 $249,282 $266,390 $249,282 $271,442
2021 $223,340 $244,903 $223,340 $244,903
2020 $188,284 $219,916 $188,284 $219,916
2019 $186,162 $188,406 $185,903 $188,903
2018 $181,959 $185,992 $181,959 $188,857
2017 $160,472 $179,324 $158,026 $179,324
2016 $151,395 $159,004 $151,395 $159,004
2015 $0 $150,732 $0 $150,732
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Spencer Housing Market Forecast

How much does an average home cost in Spencer today?

The value of an average home (the listing price) in Spencer is $267,255 USD.

What is the average price per square foot in Spencer?

According to Walletinvestor the median price per square foot in Spencer is 148 USD.

Will the median listing price of homes in Spencer grow / rise / go up?

Yes. The Spencer home prices may rise from 267,255 USD to 277,729 USD in one year.

Is it profitable to invest in Spencer homes?

Yes. The long-term profit potential is +3.92% in one year.

Will Spencer house prices fall / drop?

No. See above.

What is the predicted price of a Spencer home in 2030?

The predicted home sales price of a Spencer home in 2030 in Spencer is 288,329 USD.

What is the predicted price of a Spencer home in 2035?

The predicted home sales price of a Spencer home in 2035 in Spencer is 323,256 USD.

Will real estate prices decrease in Spencer?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Spencer is the 23850. largest city in the United States, located in South Dakota State.

During the last 12 months the real estate prices in McCook, Spencer remained stable, looking at the past 12 months.

According to Walletinvestor's Spencer real estate market research, home values will increase in the next 12 months.

Median home values remained unchanged to 267,255 USD, between 2025-02-16 and 2026-02-16

The average annual profit of property investment was:

  • 2.849% in 2021
  • 5.779% in 2022
  • 1.929% in 2023
  • 3.169% in 2024
  • 4.089% in 2025
  • 5.079% in 2026

Based on our Spencer real estate market research and report the predicted sales prices will increase by 46.876% in the next 10 years.

Spencer (South Dakota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Spencer Housing Market Forecast with Real Estate Prices for 2025
January 2025 268511 251326 285696
February 2025 269773 252777 286769
March 2025 271041 246647 295434
April 2025 272315 256248 288381
May 2025 272124 247361 296887
June 2025 272000 256768 287232
July 2025 272038 251907 292169
August 2025 272569 252126 293011
September 2025 273850 248382 299318
October 2025 275137 258628 291645
November 2025 276430 254039 298820
December 2025 277729 259121 296337
Spencer Housing Market Forecast with Real Estate Prices for 2026
January 2026 279034 263408 294660
February 2026 280345 265767 294923
March 2026 281663 265890 297436
April 2026 282987 261197 304777
May 2026 284317 264699 303934
June 2026 285653 257659 313647
July 2026 284916 261552 308279
August 2026 284221 257220 311223
September 2026 283291 258644 307937
October 2026 282363 254127 310599
November 2026 281438 259205 303672
December 2026 280516 263685 297347
Spencer Housing Market Forecast with Real Estate Prices for 2027
January 2027 279598 258348 300847
February 2027 279292 259183 299401
March 2027 280130 256039 304221
April 2027 281447 256961 305933
May 2027 281531 254504 308558
June 2027 281984 256041 307926
July 2027 282202 263012 301392
August 2027 282352 257223 307482
September 2027 282555 267014 298095
October 2027 281668 258289 305046
November 2027 281506 257578 305434
December 2027 281665 266173 297156
Spencer Housing Market Forecast with Real Estate Prices for 2028
January 2028 282988 257803 308174
February 2028 284318 269818 298819
March 2028 285655 264516 306793
April 2028 286459 265834 307084
May 2028 286604 262529 310678
June 2028 286594 266245 306942
July 2028 285655 266230 305079
August 2028 284719 267636 301803
September 2028 284302 258430 310173
October 2028 285638 257360 313916
November 2028 286980 269188 304773
December 2028 288329 267281 309377
Spencer Housing Market Forecast with Real Estate Prices for 2029
January 2029 289684 260716 318653
February 2029 291046 264852 317240
March 2029 290842 276300 305384
April 2029 290710 274430 306989
May 2029 290750 271561 309940
June 2029 291317 267429 315205
July 2029 292686 275418 309955
August 2029 294062 265832 322292
September 2029 295444 271513 319375
October 2029 296832 272789 320876
November 2029 298227 273474 322980
December 2029 299629 270565 328693
Spencer Housing Market Forecast with Real Estate Prices for 2030
January 2030 301037 271836 330238
February 2030 302452 281583 323321
March 2030 303873 286552 321194
April 2030 305301 276298 334305
May 2030 304513 276194 332833
June 2030 303772 281900 325643
July 2030 302777 274921 330632
August 2030 301785 286092 317478
September 2030 300797 274327 327267
October 2030 299812 276726 322897
November 2030 298830 282693 314966
December 2030 298503 273727 323278
Spencer Housing Market Forecast with Real Estate Prices for 2031
January 2031 299399 276345 322452
February 2031 300806 282156 319456
March 2031 300896 284347 317445
April 2031 301380 284201 318558
May 2031 301613 282913 320313
June 2031 301774 284271 319277
July 2031 301990 284173 319807
August 2031 301042 283883 318202
September 2031 300870 284623 317117
October 2031 301039 284482 317596
November 2031 302454 277048 327860
December 2031 303875 286250 321500

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.