Spencer Homes for Sale

Welcome to Spencer, Indiana – a charming town nestled in the heart of Owen County. Known for its picturesque landscapes and friendly community, Spencer offers a unique blend of small-town charm and modern conveniences. With a rich history dating back to the 19th century, this quaint town is surrounded by lush greenery and serene lakes, making it a perfect place for nature enthusiasts and families alike.

Spencer boasts a vibrant downtown area filled with local shops, delightful eateries, and community events that foster a strong sense of belonging. The town is also home to several parks and recreational facilities, providing ample opportunities for outdoor activities such as hiking, fishing, and picnicking. With its excellent schools and welcoming atmosphere, Spencer is an ideal place to raise a family or enjoy a peaceful retirement.

If you’re considering making Spencer your home, you’re in luck! There are a variety of homes for sale that cater to diverse tastes and budgets. Whether you're looking for a cozy cottage, a spacious family home, or a charming historic property, Spencer has something to offer everyone. The real estate market here is thriving, with properties that reflect the town's character and charm.

Explore the homes for sale in Spencer today and discover the perfect place to call your own. With its stunning surroundings, strong community spirit, and affordable housing options, Spencer is not just a place to live – it’s a place to thrive. Come and experience the warmth and beauty of Spencer, Indiana, where your dream home awaits!

Newest Spencer Homes for Sale

$325,000

2 Beds ⋅ 2 Baths ⋅ 202634177 MLS ⋅ 1,188 SqFt.

Lake Side Living on Owen County's Bass Haven Lake. Don't miss this rare opportunity to own and enjoy this delightful home with direct access to this private well stocked lake. Eight years old and shows like new. Open concept with living room, kitchen and dining rooms all flowing together. Split bedrooms with two bedrooms plus study and two full baths. Large attached two car garage, two large sheds, detached garage, older barn. Shelter house overlooks lake and dock. Lot size is approximately one acre. This property is beautiful and living there is like being on vacation year round.

375 Bass Haven Ln, Spencer

Listing courtesy of from Dan Rarey Real Estate.

$750,000

4 Beds ⋅ 3 Baths ⋅ 202633567 MLS ⋅ 2,776 SqFt.

LOCATION . LAKEFRONT . ACREAGE! Welcome to this FOUR bedroom, 2.5 bathroom family home situated on FIFTEEN partially wooded acres, complete with your own private lake and one of the most stunning settings around. Step onto the covered front porch and take in the peaceful surroundings before entering the spacious living room, where abundant natural light creates a warm and inviting atmosphere. A wood-burning stove adds cozy character and provides the perfect gathering spot on cold winter nights. Upstairs, you'll find the dining area and kitchen, along with the primary suite, guest bathroom, and two additional bedrooms, providing a comfortable and functional living arrangement. On the main level, you'll find another bedroom, a spacious family room with a second wood-burning fireplace, and a large laundry area. From the family room, step outside onto the back deck, where you can relax and enjoy the beautiful acreage and private lake. The setting offers more than just beautiful scenery. Hop on the golf cart and head over to the nearby winery, or stay home and enjoy live music while relaxing by your own private lake. With 15 acres of partially wooded land, peaceful water views, and plenty of space to enjoy the outdoors, this property offers a lifestyle that's hard to find. Home comes complete with kitchen appliances. Utilities are provided by South Central REMC, fiber internet is also available from South Central REMC. Private, peaceful, and full of possibilities, this is a place where you can enjoy the comforts of home while making the most of an incredible country setting.

3692 Braysville Rd, Spencer

Listing courtesy of from Williams Carpenter Realtors.

$195,000

1 Beds ⋅ 1 Baths ⋅ 202633146 MLS ⋅ 1,056 SqFt.

Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for fishing, kayaking, and relaxing on the water. The inviting porch provides additional space to enjoy the peaceful surroundings and offers the potential to be transformed into additional living space. Located between McCormick's Creek State Park and Lieber State Recreation Area, you'll be minutes from hiking, boating, waterfalls, camping, and year-round outdoor recreation. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or a place to enjoy the outdoors, this property offers a rare combination of privacy, recreation, and convenience. Schedule your private showing today!

1405 Lakeside Dr, Spencer

Listing courtesy of from Century 21 Scheetz - Bloomington. cell: 317-453-7968

$185,900

3 Beds ⋅ 1 Baths ⋅ 202632294 MLS ⋅ 1,135 SqFt.

So much potential in this 2-bedroom, 1-bath home offering approximately 1,135 square feet of living space on one level and on a convenient corner lot in town. In addition to the two bedrooms, a versatile office/bonus room provides flexible space for work, hobbies, or other needs. Numerous recent improvements add value and peace of mind, including a new roof with gutter guards, new garage with automatic opener, new water heater, updated PEX plumbing, and new sewer lines from the home to the city connection in the alley. The kitchen features a new range and hood microwave, while the furnace has been professionally maintained and updated with a new control board. The hot tub has also been serviced with a new control board. Outside, you'll appreciate the recently added concrete driveway complete with apron and drainage. Situated on a corner lot, this property offers the convenience of in-town living with easy access to local shopping, dining, schools, parks, and everyday amenities. If you're looking for a home with major mechanical updates already completed and a functional floor plan, this property is ready for you to make it your own.

501 W Jefferson St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$334,900

3 Beds ⋅ 3 Baths ⋅ 202632147 MLS ⋅ 2,464 SqFt.

Welcome to this spacious 3 Bedroom, 2 1/2 Bath home with 2,464-square-foot residence situated on a 0.84-acre lot in the desirable White Oaks Estates neighborhood of Spencer. Designed with both comfort and functionality in mind, this home offers a main-level primary bedroom with its own private bath, along with a convenient half bath for guests and a main-level laundry room. Upstairs, you'll find two additional bedrooms and a full bath, providing flexible space for a variety of living arrangements. The home's generous living areas offer plenty of room for everyday living, entertaining, or relaxing. Outside, enjoy the large yard with space for outdoor activities, gardening, or simply unwinding. The attached 2-car garage provides ample parking and storage, while the 12' x 16' storage shed offers additional room for tools, lawn equipment, or hobbies. Conveniently located just minutes from schools, shopping, dining, and local amenities, this property combines space, practicality, and a desirable location. Don't miss the opportunity to make this inviting Spencer home your own!

186 Ryan Ct, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$262,500

3 Beds ⋅ 2 Baths ⋅ 202628087 MLS ⋅ 1,317 SqFt.

New Construction – Currently Under Construction! Completion in August, 2026. Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will be equipped with a full suite of new black stainless-steel appliances, providing both style and functionality. The efficient layout includes three bedrooms and two full baths, including a primary suite with a private bath. An attached 14' x 23' garage offers convenient parking and additional storage. Situated on a 44' x 68' lot, this home provides the benefits of low-maintenance living with the quality and efficiency of new construction. Conveniently located near shopping, dining, parks, and local amenities. Construction is underway, and final finishes and completion date are subject to construction progress.

48 W Clay St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$244,900

3 Beds ⋅ 2 Baths ⋅ 202626968 MLS ⋅ 2,256 SqFt.

Welcome home to this well-maintained 3-bedroom, 2-bath residence offering a comfortable layout and a convenient location in Spencer. The spacious floor plan provides flexibility for everyday living, with inviting living areas, a functional kitchen, and ample storage throughout. The primary bedroom includes its own private bath, while the additional bedrooms offer space for family, guests, a home office, or hobbies. Outside, you'll find room to relax, garden, or entertain, with easy access to nearby shopping, dining, schools, parks, and other local amenities. Whether you're searching for your first home, looking to downsize, or simply wanting a property with a practical floor plan and great location, this home is ready for its next owner. Electric range pictured does not go with home but another electric range will be installed. Swimming pool can be removed if desired.

226 N East St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$329,000

3 Beds ⋅ 2 Baths ⋅ 202620798 MLS ⋅ 1,680 SqFt.

Beautiful new construction ranch on 1.7 acres just minutes from town. This 3 bed, 2 bath home offers an open-concept layout with real walnut hardwood floors, quartz countertops, and timeless finishes throughout. Enjoy a private wooded setting with both front and back porches—perfect for relaxing or entertaining. Ideal blend of quality, comfort, and convenience. Don't miss out on the opportunity to call this place home.

2191 Shepard Patrick Rd, Spencer

Listing courtesy of from F.C. Tucker Company.

$289,900

3 Beds ⋅ 2 Baths ⋅ 202631085 MLS ⋅ 1,776 SqFt.

Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point. Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor. The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items. Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake. Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.

7266 Locust Lake West Dr, Spencer

Listing courtesy of from Century 21 Scheetz - Bloomington. Cell: 812-606-1908

$229,900

4 Beds ⋅ 1 Baths ⋅ 202607816 MLS ⋅ 1,360 SqFt.

Spacious 4-bedroom, 1-bath home offering 1,360 sq. ft. of living space, conveniently located just a couple of blocks from Spencer Elementary. This home has seen several updates over the past five years, including a new roof and gutters installed in 2024 and a freshly painted garage in 2025. The oversized one-car garage features a unique sliding door design rather than a traditional overhead door, adding character and functionality. Out back, you’ll find a nice backyard with space for outdoor activities, gardening, or relaxing. With its convenient location and recent improvements, this home is a great opportunity for buyers looking for comfort and value.

767 N Laymon Ave, Spencer

Listing courtesy of from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$164,900

2 Beds ⋅ 1 Baths ⋅ 202625659 MLS ⋅ 768 SqFt.

Great starter home featuring two bedroom, enclosed front porch and a small deck. Home also has a carport and a detached two car garage. This is almost a half acre lot with a great view towards the town. Easy access to all amenities at an affordable price. Seller requires 10 days on market before reviewing any offers.

1131 Parks Dr, Spencer

Listing courtesy of from Evergreen Real Estate & Auctions. Cell: 812-327-6201

$210,000

3 Beds ⋅ 2 Baths ⋅ 202614321 MLS ⋅ 1,508 SqFt.

Charming and move-in ready ranch located in the heart of Spencer, directly across from the fairgrounds! This 3-bedroom, 2-bathroom home offers a perfect blend of character and updates, featuring original hardwood floors, freshly painted cabinets and a brand new roof complete with warranty! New electrical panel, wiring, and meter and the AC was serviced in time for the heat! Whether you're relaxing at home or taking advantage of the convenient location, this home is ready for it's next owner to enjoy!

427 E Jefferson St, Spencer

Listing courtesy of from Century 21 Scheetz - Bloomington. cell: 812-585-1534

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IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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