Spencer, IA (Metro) - Trend of Market Heat Index for All Homes (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the Market Heat Index for All Homes in the Spencer, IA Metro in February 2026 was 39. The month over month percentage change (MoM) was 11.43%, and the year over year percentage change (YoY) was -15.22%.

The chart below shows the trend of the market heat index for the Spencer, IA metro. The table below shows the trend of the market heat index, and the MoM and YoY percentage changes for the Spencer, IA metro.

You can see similar information for other US metros, and for the United States.

Note: The Market Heat Index is a time series that captures the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes.

Data Source: Zillow.
Spencer, IA (Metro) - Trend of Market Heat Index for All Homes
Spencer, IA (Metro) - Trend of Market Heat Index for All Homes
1 – 10 of 98
Month Market Heat Index MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2018 35 NaN NaN
Feb 2018 35 0.00 NaN
Mar 2018 36 2.86 NaN
Apr 2018 35 -2.78 NaN
May 2018 44 25.71 NaN
Jun 2018 53 20.45 NaN
Jul 2018 55 3.77 NaN
Aug 2018 48 -12.73 NaN
Sep 2018 39 -18.75 NaN
Oct 2018 35 -10.26 NaN
Nov 2018 31 -11.43 NaN
Dec 2018 40 29.03 NaN
Jan 2019 45 12.50 28.57
Feb 2019 47 4.44 34.29
Mar 2019 39 -17.02 8.33
Apr 2019 42 7.69 20.00
May 2019 42 0.00 -4.54
Jun 2019 51 21.43 -3.77
Jul 2019 55 7.84 0.00
Aug 2019 56 1.82 16.67
Sep 2019 42 -25.00 7.69
Oct 2019 33 -21.43 -5.71
Nov 2019 30 -9.09 -3.23
Dec 2019 34 13.33 -15.00
Jan 2020 36 5.88 -20.00
Feb 2020 37 2.78 -21.28
Mar 2020 43 16.22 10.26
Apr 2020 52 20.93 23.81
May 2020 56 7.69 33.33
Jun 2020 48 -14.29 -5.88
Jul 2020 45 -6.25 -18.18
Aug 2020 46 2.22 -17.86
Sep 2020 47 2.17 11.91
Oct 2020 41 -12.77 24.24
Nov 2020 48 17.07 60.00
Dec 2020 51 6.25 50.00
Jan 2021 50 -1.96 38.89
Feb 2021 49 -2.00 32.43
Mar 2021 61 24.49 41.86
Apr 2021 66 8.20 26.92
May 2021 61 -7.58 8.93
Jun 2021 52 -14.75 8.33
Jul 2021 47 -9.61 4.44
Aug 2021 43 -8.51 -6.52
Sep 2021 43 0.00 -8.51
Oct 2021 45 4.65 9.76
Nov 2021 43 -4.44 -10.42
Dec 2021 39 -9.30 -23.53
Jan 2022 42 7.69 -16.00
Feb 2022 50 19.05 2.04
Mar 2022 55 10.00 -9.84
Apr 2022 54 -1.82 -18.18
May 2022 51 -5.56 -16.39
Jun 2022 48 -5.88 -7.69
Jul 2022 45 -6.25 -4.25
Aug 2022 36 -20.00 -16.28
Sep 2022 36 0.00 -16.28
Oct 2022 37 2.78 -17.78
Nov 2022 37 0.00 -13.95
Dec 2022 33 -10.81 -15.38
Jan 2023 37 12.12 -11.90
Feb 2023 46 24.32 -8.00
Mar 2023 46 0.00 -16.36
Apr 2023 45 -2.17 -16.67
May 2023 37 -17.78 -27.45
Jun 2023 46 24.32 -4.17
Jul 2023 53 15.22 17.78
Aug 2023 59 11.32 63.89
Sep 2023 51 -13.56 41.67
Oct 2023 50 -1.96 35.14
Nov 2023 40 -20.00 8.11
Dec 2023 34 -15.00 3.03
Jan 2024 38 11.77 2.70
Feb 2024 55 44.74 19.57
Mar 2024 62 12.73 34.78
Apr 2024 63 1.61 40.00
May 2024 56 -11.11 51.35
Jun 2024 50 -10.71 8.70
Jul 2024 44 -12.00 -16.98
Aug 2024 47 6.82 -20.34
Sep 2024 48 2.13 -5.88
Oct 2024 44 -8.33 -12.00
Nov 2024 38 -13.64 -5.00
Dec 2024 40 5.26 17.65
Jan 2025 41 2.50 7.90
Feb 2025 46 12.20 -16.36
Mar 2025 46 0.00 -25.81
Apr 2025 50 8.70 -20.63
May 2025 50 0.00 -10.71
Jun 2025 49 -2.00 -2.00
Jul 2025 42 -14.29 -4.54
Aug 2025 37 -11.90 -21.28
Sep 2025 32 -13.51 -33.33
Oct 2025 32 0.00 -27.27
Nov 2025 30 -6.25 -21.05
Dec 2025 34 13.33 -15.00
Jan 2026 35 2.94 -14.63
Feb 2026 39 11.43 -15.22