Spencer Housing Update: Prices Ease, Apartments in Progress, Industrial Lots Available
Spencer, WI – March 15, 2026 – Home prices eased this winter as limited sales shaped the market, while new apartments and industrial lots signal growth.
The housing market in Spencer, WI is showing softer prices this winter, even as new rental construction and business park activity point to longer-term growth.
Top takeaways
- Median home sale price was about $172K in January 2026, down year over year.
- Homes are selling in roughly 77 days on average.
- Sales volume remains very limited, with only a handful of closings reported.
- A new multi-building apartment project is underway on Willow Drive.
Market snapshot
According to Redfin data, the median sale price in January was approximately $172,000, with prices per square foot around $140. Homes are taking about two and a half months to sell, and most transactions are closing slightly below list price. With just two homes sold during the month, small shifts in activity can significantly affect price trends in a village this size.
Spencer remains part of Marathon County and the broader Wausau metro area, and buyer demand is described as somewhat competitive compared with nearby communities.
New construction and land
S.C. Swiderski is developing a four-building apartment community on Willow Drive, adding one-, two-, and three-bedroom options on a 6.6-acre site. The project reflects ongoing demand for updated rental housing locally.
On the commercial side, the Village’s 80-acre business and industrial park along County Road V continues to market lots at about $1,300 per acre, with utilities being extended as development occurs. Village zoning ordinances and subdivision rules guide residential density and land use as growth moves forward.
What’s for sale
- Single-family homes in the mid-$100Ks to low-$200Ks, often on generous village lots.
- Vacant residential and agricultural parcels on the outskirts, appealing to buyers seeking space for future builds.
Are you seeing more buyer traffic, price adjustments, or new building activity in your neighborhood this spring?
Sources
https://www.redfin.com/city/19109/WI/Spencer/housing-market
https://www.scswiderski.com/scs-spencer
https://villageofspencerwi.gov/economic-development/
https://ecode360.com/30387635