As of November 2026, homes for sale in Spence, Magnetawan, Ontario carry a median asking price of about $385,000, across 5 active MLS listings for sale. Asking prices have held steady over the past month, so neither buyers nor sellers hold a clear upper hand. 1 new listing came on this week, and inventory is on the tighter side, so well priced homes tend to attract attention quickly.

At this level Spence, Magnetawan is one of the more attainable markets in Ontario, which makes it popular with first time buyers and investors. On a per square foot basis, homes here run around $449, a useful benchmark when two listings look similar on paper. With the market balanced, you can shop deliberately and negotiate on fair terms.

Questions

Spence real estate FAQ

What is the average home price in Spence?

As of November 2026, the median asking price for a home in Spence, Magnetawan, Ontario is about $385,000. By property type, houses sit around $399,900.

Is Spence a buyer's or seller's market right now?

Spence is currently a balanced market, without a strong tilt toward buyers or sellers.

How many homes are for sale in Spence?

There are currently 5 active MLS listings for sale in Spence, Magnetawan, Ontario, updated daily on haho.ca.

What are the most popular neighbourhoods in Spence?

Spence has a range of established and up and coming neighbourhoods. Use the neighbourhood filters above to compare them by price and inventory.

How long does it take to sell a home in Spence?

Time to sell in Spence depends on price and condition. Well priced, move in ready homes tend to sell fastest.

← All neighbourhoods in Magnetawan