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Featured local agent — Lake Roberts, NM
Sarah Mitchell
Compass Real Estate · Lake Roberts, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Roberts, NM Housing Market
The last median sale price Redfin published was $249,500 (through May 2026). With 1.0 months of supply and homes going under contract in about 64 days, Lake Roberts is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $249,500 home is about $1,332/mo in principal and interest.
Key numbers for Lake Roberts, NM
Median sale price
$249,500
Last published period
Redfin, through January 2026
Days on market
64
Slow-moving
Redfin, through January 2026
Active listings
1
1.0 months of supply
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Zillow figures 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 Lake Roberts a buyer's or seller's market?
Lake Roberts, NM is a seller's market, based on 1.0 months of supply and homes selling in about 64 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 Lake Roberts housing market data show?
Every row below is Redfin's final published month for Lake Roberts, NM. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $249,500 |
| Median price per sq ft | $339/sq ft |
| Median days on market | 64 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Homes sold (that month) | 1 |
| Market condition | 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 Lake Roberts is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lake Roberts 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 Lake Roberts home prices moved?
Across the 9 months we hold for Lake Roberts, NM, the median sale price rose 8.5%, from $230,000 in August 2021 to $249,500.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lake Roberts?
Priced off the median sale price of $249,500 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% | $49,900 | $199,600 | $1,332/mo |
| 5% | $12,475 | $237,025 | $1,582/mo |
Redfin, through January 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 $1,332, that implies roughly $57,084 a year before you add taxes and insurance. We do not hold a Census income figure for Lake Roberts, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lake Roberts in the next 12 months?
Tell us your timeline. We send the Lake Roberts 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 Lake Roberts?
Zillow does not publish a rent index (ZORI) for Lake Roberts, 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 Lake Roberts?
Active listings in Lake Roberts, NM went from 1 in August 2021 to 1 in January 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| August 2021 | 1 |
| May 2023 | 1 |
| June 2024 | 1 |
| November 2024 | 2 |
| April 2025 | 2 |
| January 2026 | 1 |
Redfin, through January 2026
How does Lake Roberts compare to New Mexico and the U.S.?
Lake Roberts homes sell for $249,500 — 37% below the New Mexico median of $395,500. Against the national median of $410,700, Lake Roberts runs 39% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lake Roberts, NM | $249,500 | not published | 64 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lake Roberts
What buyers should watch
- Months of supply, currently 1.0. 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 $250 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 $249,500 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 Lake Roberts listing goes under contract in 64 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Comparable ZIP-level pricing inside Lake Roberts varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lake Roberts
There are currently 1 homes listed for sale in Lake Roberts, New Mexico.
Active listings
1
Homes on market
Avg. days on market
64
Days until sale
How much do homes cost in Lake Roberts by property type?
How the Lake Roberts, NM market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $249,500 | $339/sq ft | 1 | 64 days |
Who lives in Lake Roberts?
American Community Survey estimates for Lake Roberts. U.S. Census ACS, 2023
Population
0
Households
0
Which cities are near Lake Roberts, NM?
Ordered by distance from Lake Roberts, not by size. Compare Lake Roberts side by side with any of them.
Lake Roberts housing market FAQ
Is Lake Roberts a buyer's or seller's market?
Lake Roberts, NM is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 64 days in the last month Redfin published (May 2026).
How much do homes cost in Lake Roberts?
The median sale price in the last month Redfin published was $249,500, about $339 per square foot.
Is Lake Roberts cheaper than the rest of New Mexico?
Lake Roberts's median sale price of $249,500 is 37% lower than the New Mexico statewide median of $395,500, and 39% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lake Roberts?
Homes in Lake Roberts, NM spent a median of 64 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Lake Roberts?
At the current 30-year fixed rate of 7.03%, 20% down on a $249,500 home is about $1,332 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $57,084 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Lake Roberts?
We do not hold a complete 12-month value series for Lake Roberts, NM yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Lake Roberts?
Lake Roberts 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 Lake Roberts?
That depends on your timeline, not on a headline. What the data says today: Lake Roberts, NM is a seller's market with 1.0 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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One email: what homes are actually clearing at around $249,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.