Spencer Homes under $1 million

Welcome to Spencer, Massachusetts – a hidden gem nestled in Worcester County that perfectly balances small-town charm with modern convenience. Known for its picturesque landscapes and friendly community, Spencer offers an inviting atmosphere for families, young professionals, and retirees alike. With its rich history and vibrant local culture, this town is a wonderful place to call home.

Spencer boasts an array of recreational opportunities, from the serene waters of Lake Whittemore to the scenic trails of the Spencer State Forest. Outdoor enthusiasts will appreciate the abundance of parks and nature reserves, making it easy to enjoy leisurely strolls, hiking, and fishing. The town also hosts various community events throughout the year, fostering a strong sense of belonging among residents.

When it comes to real estate, Spencer offers an impressive selection of homes under $1 million, making it an attractive option for those looking to settle down without breaking the bank. Whether you’re seeking a charming single-family home with a spacious yard or a cozy cottage that exudes character, Spencer has something to fit every lifestyle and budget.

With its affordable housing market, excellent school system, and easy access to nearby cities like Worcester and Boston, Spencer is a prime location for anyone looking to enjoy the best of both worlds – a tranquil suburban life with urban conveniences just a short drive away. Explore the possibilities and discover why Spencer, MA, is the perfect place for your next home!

Newest Spencer Homes under $1 million

$459,900

3 Beds ⋅ 1 Baths ⋅ 73586965 MLS

FIRST TIME ON THE MARKET! Come home to beautiful lake views, peaceful surroundings, and a lifestyle that feels like a getaway every day! This charming 3-bedroom Cape is nestled near Sugden Reservoir and offers deeded beach rights and a deeded right-of-way to the lake, all in a wonderful neighborhood on a quiet dead-end road.Inside, you'll find 1,680 sq. ft. of living space with a beautifully remodeled kitchen featuring an open floor plan, stone countertops & updated stainless steel appliances. The exceptionally large 39-foot living room is filled with natural light and showcases gorgeous lake views through sliding glass doors with plenty of room for both comfortable living and dining.The generously sized bedrooms offer plenty of space, including a spacious primary bedroom with its own private balcony/deck. Imagine starting your morning with a cup of coffee while taking in the lake views and watching the activity on the water! Second-floor laundry adds everyday convenience.The home has been thoughtfully updated with a new kitchen, updated flooring, refreshed bathroom, new lighting, and updated plumbing. A new septic system is currently being installed, providing an additional improvement for the next owner. Outdoor enthusiasts will love the location, with Mid-State Trail and Moose Hill Wildlife Sanctuary nearby, along with easy access to the reservoir & boat ramp and its recreational opportunities. Great fishing in this 90+ acre full recreational lake(state stocked trout)! When you're ready to venture out, the Mass Pike and other major routes are less than 15 minutes away. Whether you're looking for a year-round home or simply a place where you can slow down and enjoy your surroundings, this property offers a wonderful combination of comfort, nature, recreation, and convenience.Quick occupancy available. Come see why this is the kind of place that just feels good to call home!

40 Lambs Grove, Spencer

$524,900

9 Beds ⋅ 3 Baths ⋅ 73586773 MLS

The next great addition to your portfolio could be right here in Spencer! Formerly configured as a three-family, this property has been converted to two spacious units, creating an especially versatile setup for investors, co-owners, or extended-family living. Unit 1 is currently occupied and provides great rental income, offering three bedrooms, one full bath, a living area, kitchen, private patio, and separate gas and electric meters. Unit 2 spans the second and third floors, offering multiple bedrooms, two full baths, two living areas, two kitchen areas, and a convenient stackable washer and dryer setup on the second floor, while the third floor features a large dedicated laundry room. All-new waterproof vinyl laminate flooring and numerous kitchen updates add even more appeal, including quartz counters, high-end sinks and faucets, a microwave, and a refrigerator. Recent improvements include two new water heaters installed in 2024, a newer roof with plywood, attic and blown-in insulation, and hot-air duct leak inspection. Outside, the property delivers an impressive seven off-street parking spaces, including stacked driveway parking and additional spaces made possible by the lot's frontage. A spacious yard and small shed round out the property, offering useful outdoor space for recreation, storage, or future possibilities. Conveniently located within an easy walk of downtown Spencer, Price Chopper, CVS, the library, restaurants, public transportation to Worcester, and more! Owner financing at a reduced rate may be available to well-qualified buyers. Whether you're looking to house extended family, share ownership, or add a flexible income-producing property to your portfolio, this one offers plenty of possibilities. Don't miss it!

13 Lincoln St, Spencer

$250,000

4 Beds ⋅ 2 Baths ⋅ 73584560 MLS

Investors, rehabbers and buyers willing to roll up their sleeves, this two-family has the space, location and potential to make the work worthwhile. The first-floor unit has been comfortably lived in for decades and, while dated, offers an opportunity to update over time. Upstairs features a combination of finished space and unfinished projects, giving the next owner a head start on creating additional value. The third-floor attic was once finished but has been untouched for years. The attached two-story barn is in poor condition with compromised loft flooring and is NOT to be entered. Nearly 1.6 acres provide a surprisingly private, wooded backyard setting despite the convenience of a main-route location. Vinyl siding, plenty of outdoor space and walking distance to shopping and dining add to the appeal, with Worcester’s hospitals, colleges and amenities only about 10 minutes away. Property may not qualify for certain types of financing.

63 Pleasant Street, Spencer

$389,900

4 Beds ⋅ 2 Baths ⋅ 73580543 MLS

Welcome to 17 Highland Street! This spacious 4-bedroom, 1.5-bath home offers approximately 2,059 square feet of living space situated on a generous 6850 square foot lot and features an impressive list of recent updates.Major improvements include new windows (2025), new exterior doors(2025), a new roof (2026), a new gas meter (2019), and a new electrical panel (2019)—providing buyers with several important updates already completed. The home's generous layout offers plenty of room to accommodate a variety of needs, with four bedrooms and ample living space to make your own.Conveniently located in Spencer, this property presents an excellent opportunity for buyers looking for space, value, and significant recent improvements. Come see the possibilities at 17 Highland Street and make this home your own!

17 Highland St, Spencer

$289,000

3 Beds ⋅ 1 Baths ⋅ 73580296 MLS

Welcome to 11 Prospect St, a charming 3-bedroom, 1-bath home offering the perfect blend of comfort, character, and opportunity. Set in a convenient Spencer location, this inviting property provides a wonderful canvas for creating a home that reflects your personal style while offering the space and flexibility today's buyers are looking for. From the moment you arrive, you'll appreciate the welcoming setting and the possibilities this home presents. Inside, the flexible layout offers comfortable spaces for everyday living, entertaining, and relaxing. The versatile den adds an extra layer of functionality and could easily become a stylish home office, private reading room, creative studio, playroom, or peaceful retreat. The three bedrooms provide inviting spaces to unwind at the end of the day, while the home's overall layout allows you to thoughtfully create spaces that feel warm, personal, and distinctly your own. Imagine gathering with family and friends, preparing meals in a kitchen designed around the way you love to live, or settling into a comfortable living space filled with your own style and personality. Outside, the possibilities continue. The generous yard offers the opportunity to create your own private outdoor escape—perhaps a beautiful garden, a space for summer entertaining, a play area, or simply a peaceful place to enjoy your morning coffee and warm New England evenings. 11 Prospect St is more than a house—it is an opportunity to create the home you've been envisioning. With its flexible spaces, inviting setting, and room to bring your own design ideas to life, this property is ready for its next chapter.

11 Prospect St, Spencer

$525,000

2 Beds ⋅ 1 Baths ⋅ 73579938 MLS

Stunning Waterfront Retreat on Thompson Pond! 34 Shore Drive, Spencer, MA | Offered at $525,000 Welcome to your dream waterfront home on highly sought-after Thompson Pond! Imagine coming home and stepping onto your deck soaking up the sunlight in your piece of tranquility. This beautiful home offers abundant views of the water from almost every window of the home…the perfect blend of lakeside charm and modern comfort, designed for effortless relaxation and outdoor entertainment. Interior Features: • Breathtaking Main Living Area: Walk into an open, airy space highlighted by dramatic vaulted ceilings that maximize light and create an inviting atmosphere. With gorgeous butcher block countertops, cabinet packed kitchen, stainless steel appliances, farmhouse sink and gas stove for cooking. • Cozy & Efficient Utilities: Features reliable gas heat powered via propane to keep you warm and comfortable through the New England winters. • Turn-Key Condition: Thoughtfully renovated 13 years ago, this home is ready for you to move right in. Exterior & Waterfront Highlights: • Premium Waterfront Living: Experience picture-perfect, beautiful sunsets every single evening right from your oversized low-maintenance Trex deck. • Extensive Outdoor Upgrades: Step down to the water to find stunning, recently rebuilt stone walls and a gorgeous patio complete with a built-in fire pit—the ultimate spot for lakeside gatherings. • Boater’s Paradise: Features a dedicated area ready for a boat dock. There is plenty of storage area in the basement with access below the deck, a shed at the top of the property and several parking spots for you and your guests. ! This is a quiet no outlet road. Don't miss this rare opportunity to own a piece of paradise on Thompson Pond

34 Shore Drive, Spencer

$329,900

4 Beds ⋅ 2 Baths ⋅ 73576963 MLS

Here’s your chance to create the home you want instead of paying for someone else’s renovation. This Cape offers generous living space, a spacious lot, public water and sewer, and plenty of room to bring new ideas to life. The home needs updating and is being offered AS-IS, creating an opportunity to make improvements over time and build equity along the way. Hardwood flooring, a full walk-out basement, wood deck and spacious yard provide a great starting point. Something you don’t see every day—the original building plans are available, offering a unique look at the home’s original design and layout. Whether you’re looking for a home to make your own or your next renovation project, there’s plenty here to work with. Bring your ideas and imagine the possibilities.

25 Bixby Rd, Spencer

$235,000

2 Beds ⋅ 1 Baths ⋅ 73575267 MLS

Welcome to 4 Lambs Grove! Hard to find cottage near the Sugden Reservoir with water views. The home consists of 2 bedrooms, 1 bath and newer windows. The home could be used year around or a peaceful weekend retreat. Sold As iI seller will make no repairs, title V is Buyer responsibility and personal property will remain. 1st showings Sunday September 20th from 2pm to 3:30pm.

4 Lambs Grove, Spencer

$449,900

2 Beds ⋅ 2 Baths ⋅ 73574479 MLS

Closing cost assistance offered! Turnkey lake-view living with the ease of a condo—but the privacy, garage and flexibility of a single-family home. This beautifully renovated, turn-key home offers the rare combination of single-level living, stunning lake views, and flexible additional living space, all without sacrificing convenience. Thoughtfully refreshed from top to bottom, the main level is designed for effortless everyday living with a comfortable, inviting layout and views of the water from multiple rooms.The lower level adds exceptional versatility with a private living area ideal for an in-law suite, guest accommodations, home office, or additional recreation space. French doors open directly to a patio overlooking the lake, creating a wonderful connection to the outdoors and offering a peaceful spot to enjoy the scenery. A generously sized 2 car garage provides excellent storage and workspace, with **potential for future ADU possibilities** for those looking to expand the property's functionality or create additional living space. Enjoy the best of both worlds-the peace and beauty of lake and country living, while remaining close to everyday conveniences, coffee shops, restaurants, shopping, and more. Whether you're looking to simplify into beautiful, low-maintenance one-level living, accommodate family and guests, or simply enjoy a home that is ready to move right in and enjoy, this property offers a rare blend of comfort, flexibility, and lifestyle. Option to add second bedroom to main level Possible.

6 Wilson Ave, Spencer

$749,900

4 Beds ⋅ 4 Baths ⋅ 73574332 MLS

In the process of being built on a beautiful large cleared 1.5 acre lot. This spacious 9 Rooms, 4 bedroom, 3.5 baths. 2 car garage colonial with a farmers porch backs up to wooded privacy. This new home comes with finished 3rd floor with full bath, recessed lighting, vaulted ceiling with a ceiling fan in the master bedroom, boast beautiful white painted maple Shaker style cabinets and vanities with white quartz counter tops, hardwood flooring and tile bathroom floors throughout, including finished attic bedroom 18x16 and 6x7 1/2 bath and new stackable washer and dryer. Now buyers have a unique opportunity to modify finishes according to their desires such as adding wainscoting trim and crown molding to rooms or stairwells or exterior upgrades on such a large totally useful lot such as a chicken coop, barn or a pool.

32 Kingsbury Rd, Spencer

$240,000

3 Beds ⋅ 1 Baths ⋅ 73571618 MLS

Attention Developers and Flippers. 1929sf 3 bed 1 bath on 29+K sf lot needs rehab and a new septic. House to be sold As-Is Where-is with contents. Wood and Steel Beam construction, Top of the line Buderus heating system. Deeded access to Big Stiles Lake around the corner. Additional 38,000+ sf lot 1 house away is available for $75K - not perked.

2 Woodland Ln, Spencer

$699,900

4 Beds ⋅ 2 Baths ⋅ 73570361 MLS

Rare, private waterfront setting on Thompson Pond! Two Single family homes, on over four private acres and an incredible 470 feet of lake frontage on fully recreational, 136 acre Thompson Pond! Tucked away at the end of a long private driveway with plenty of parking, this unique property offers endless possibilities. The cottage was built in 1945 and the A-frame which has been completely renovated, built in 1979. Enjoy year round lake living ~ boating, fishing, swimming, kayaking and more right outside your door. Create a family compound, use one for guests or extended family or explore the potential for rental income. A spacious basement with high ceilings and propane heat for additional usable space. White cottage has three mini splits and a wood stove while the A-fame has a propane wall heater.

99 Lakeshore Drive, Spencer

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