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Featured local agent — Spencerville, MD
Sarah Mitchell
Compass Real Estate · Spencerville, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spencerville, MD Housing Market
The typical home in Spencerville, MD is worth $759,568, fell 2.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $725,000 (through May 2026). With 0.3 months of supply and homes going under contract in about 34 days, Spencerville is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $759,568 home is about $4,055/mo in principal and interest.
Key numbers for Spencerville, MD
Typical home value
$759,568
-2.2% in 12 months
Zillow, August 2026
Median sale price
$725,000
Last published period
Redfin, through May 2026
Days on market
34
Average pace
Redfin, through May 2026
Active listings
1
0.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
103.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Spencerville a buyer's or seller's market?
Spencerville, MD is a strong seller's market, based on 0.3 months of supply and homes selling in about 34 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Spencerville housing market data show?
Every row below is Redfin's final published month for Spencerville, MD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $725,000 |
| Median price per sq ft | $257/sq ft |
| Median days on market | 34 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 103.0% |
| Homes sold (that month) | 3 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Spencerville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Spencerville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Spencerville home prices moved?
Over the last three years the median sale price in Spencerville, MD rose 21.8%, from $595,000 to $725,000. The live Zillow value series has fell 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 0.3 months while the sale-to-list ratio slips below its current 103.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Spencerville?
Priced off the typical home value of $759,568 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $151,914 | $607,655 | $4,055/mo |
| 5% | $37,978 | $721,590 | $4,815/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,055, that implies roughly $173,785 a year before you add taxes and insurance. We do not hold a Census income figure for Spencerville, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Spencerville in the next 12 months?
Tell us your timeline. We send the Spencerville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Spencerville?
Zillow does not publish a rent index (ZORI) for Spencerville, MD, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Spencerville?
Active listings in Spencerville, MD went from 3 in December 2023 to 1 in May 2026, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2024 | 1 | not published |
| March 2024 | 1 | 1 |
| May 2024 | 2 | 1 |
| July 2024 | 1 | not published |
| September 2024 | 1 | 1 |
| November 2024 | 1 | 2 |
| December 2024 | 1 | not published |
| January 2025 | 1 | 1 |
| July 2025 | 3 | 1 |
| October 2025 | 4 | 2 |
| December 2025 | 2 | not published |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Spencerville compare to Maryland and the U.S.?
Spencerville homes sell for $725,000 — 52% above the Maryland median of $477,300. Against the national median of $410,700, Spencerville runs 77% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Spencerville, MD | $725,000 | not published | 34 days |
| Maryland statewide | $477,300 | +5.5% | 34 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Spencerville
What buyers should watch
- Months of supply, currently 0.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $760 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $759,568 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Spencerville listing goes under contract in 34 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved -2.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Spencerville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Spencerville
There are currently 1 homes listed for sale in Spencerville, Maryland.
Active listings
1
Homes on market
Avg. days on market
34
Days until sale
How much do homes cost in Spencerville by property type?
How the Spencerville, MD market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $725,000 | $257/sq ft | 3 | 34 days |
Who lives in Spencerville?
American Community Survey estimates for Spencerville. U.S. Census ACS, 2023
Population
1,433
Households
437
Median age
42.4 years
Owner-occupied
90.4%
Median home value
$626,100
Mean commute
31.7 min
90.4% of occupied homes in Spencerville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $626,100 against Zillow's $759,568 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Spencerville, MD?
Ordered by distance from Spencerville, not by size. Compare Spencerville side by side with any of them.
Spencerville housing market FAQ
Is Spencerville a buyer's or seller's market?
Spencerville, MD is currently a strong seller's market. That read comes from 0.3 months of supply, homes going under contract in about 34 days, and sellers getting 103.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Spencerville?
The typical home in Spencerville, MD is worth $759,568 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $725,000, about $257 per square foot.
Is Spencerville cheaper than the rest of Maryland?
Spencerville's median sale price of $725,000 is 52% higher than the Maryland statewide median of $477,300, and 77% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Spencerville?
Homes in Spencerville, MD spent a median of 34 days on market before going under contract, versus 34 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Spencerville?
At the current 30-year fixed rate of 7.03%, 20% down on a $759,568 home is about $4,055 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $173,785 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Spencerville?
The typical home value in Spencerville, MD fell 2.2% over the last 12 months, from $776,723 to $759,568 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Spencerville?
Spencerville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Spencerville?
That depends on your timeline, not on a headline. What the data says today: Spencerville, MD is a strong seller's market with 0.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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