Is Spencer, OH 44275 a buyer’s or seller’s market?

The Spencer housing market right now

In the three months ending August 31, 2026, 47% of homes in Spencer, OH 44275 sold above their list price, the typical home went under contract in 12 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (36 days then) and the median sale price fell 11% to $329,757. Overall, Spencer is more competitive than a year ago, so tougher for buyers.

Within Medina County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Spencer ranks #39 of 489 OH ZIP codes with enough sales (score 85 out of 100).

Nearby, buyers who want less competition could look at Valley City 44280 (20% sold over asking) or Chippewa Lake 44215 (27% sold over asking), while Litchfield 44253 (56% sold over asking) and Brunswick 44212 (54% sold over asking) are even more competitive.