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Featured local agent — Dexter, NM
Sarah Mitchell
Compass Real Estate · Dexter, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Dexter, NM Housing Market
The typical home in Dexter, NM is worth $147,283, fell 7.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $380,000 (through May 2026). With homes going under contract in about 52 days, Dexter is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $147,283 home is about $786/mo in principal and interest.
Key numbers for Dexter, NM
Typical home value
$147,283
-7.5% in 12 months
Zillow, August 2026
Median sale price
$380,000
Last published period
Redfin, through April 2026
Days on market
52
Average pace
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$61,118
Home costs 2.4x income
U.S. Census ACS, 2023
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 Dexter a buyer's or seller's market?
Dexter, NM is a leaning buyer's and homes selling in about 52 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Dexter housing market data show?
Every row below is Redfin's final published month for Dexter, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median price per sq ft | $161/sq ft |
| Median days on market | 52 days |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
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 Dexter is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Dexter 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 Dexter home prices moved?
Across the 12 months we hold for Dexter, NM, the median sale price rose 8.6%, from $350,000 in February 2022 to $380,000. The live Zillow value series has fell 7.5% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Dexter?
Priced off the typical home value of $147,283 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% | $29,457 | $117,826 | $786/mo |
| 5% | $7,364 | $139,919 | $934/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 $786, that implies roughly $33,698 a year before you add taxes and insurance. The median household in Dexter earns $61,118, about $27,420 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Dexter in the next 12 months?
Tell us your timeline. We send the Dexter 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 Dexter?
Zillow does not publish a rent index (ZORI) for Dexter, NM, 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 Dexter?
Active listings in Dexter, NM went from 1 in July 2022 to 1 in September 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2022 | 1 | 1 |
| November 2022 | 2 | not published |
| March 2023 | 3 | not published |
| May 2023 | 2 | not published |
| March 2024 | 1 | not published |
| September 2025 | 1 | not published |
Redfin, through September 2025
How does Dexter compare to New Mexico and the U.S.?
Dexter homes sell for $380,000 — 4% below the New Mexico median of $395,500. Against the national median of $410,700, Dexter runs 7% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Dexter, NM | $380,000 | not published | 52 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Dexter
What buyers should watch
- The gap between 5% and 20% down here is $147 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 $147,283 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 Dexter listing goes under contract in 52 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Your equity moved -7.5% 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 Dexter varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Dexter
Explore homes currently listed for sale in Dexter, New Mexico across major real estate platforms.
How much do homes cost in Dexter by property type?
How the Dexter, NM market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $380,000 | $161/sq ft | 1 | 52 days |
Who lives in Dexter?
American Community Survey estimates for Dexter. U.S. Census ACS, 2023
Population
1,144
Households
389
Median income
$61,118/yr
Median age
31.5 years
Owner-occupied
84.3%
Median home value
$95,200
Median gross rent
$688/mo
Mean commute
18.5 min
84.3% of occupied homes in Dexter 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 $95,200 against Zillow's $147,283 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Dexter?
3 schools tracked · 813 students
The largest public schools serving Dexter, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
DEXTER ELEMENTARY
Grades PK-5 · 358 students
DEXTER HIGH
Grades 9-12 · 269 students
DEXTER MIDDLE
Grades 6-8 · 186 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Dexter, NM?
Ordered by distance from Dexter, not by size. Compare Dexter side by side with any of them.
Dexter housing market FAQ
Is Dexter a buyer's or seller's market?
Dexter, NM is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Dexter?
The typical home in Dexter, NM is worth $147,283 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $380,000, about $161 per square foot.
Is Dexter cheaper than the rest of New Mexico?
Dexter's median sale price of $380,000 is 4% lower than the New Mexico statewide median of $395,500, and 7% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Dexter?
Homes in Dexter, NM spent a median of 52 days on market before going under contract, versus 53 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 Dexter?
At the current 30-year fixed rate of 7.03%, 20% down on a $147,283 home is about $786 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $33,698 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $61,118.
Are home prices rising in Dexter?
The typical home value in Dexter, NM fell 7.5% over the last 12 months, from $159,189 to $147,283 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Dexter?
Dexter 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 Dexter?
That depends on your timeline, not on a headline. What the data says today: Dexter, NM is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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