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Featured local agent — Spencerville, NM
Sarah Mitchell
Compass Real Estate · Spencerville, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spencerville, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$599,000median sale price
How is the Spencerville, NM housing market right now?
The median home sale price in Spencerville, NM is $599,000. Homes sell in an average of 37 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spencerville a buyer's or seller's market?
Spencerville, NM is currently a seller's market, based on 2.0 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
37
Average pace
Active listings
2
2.0 months supply
Sale-to-list
—
Below asking
What does the Spencerville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $599,000 |
| Median list price | $399,000 |
| Average days on market | 37 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Median price per sq ft | $268/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spencerville by property type?
How the Spencerville, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $599,000 | $268/sq ft | 1 | 37 days |
Source: Redfin · Updated monthly
The Spencerville housing market is currently classified as a seller's market with a median sale price of $599,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 37 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Spencerville
There are currently 2 homes listed for sale in Spencerville, New Mexico. The median listing price is $399K.
Active listings
2
Homes on market
Median list price
$399K
Avg. days on market
37
Days until sale
New this week
1
Newly listed
Who lives in Spencerville?
Population
1,100
Median income
$60,708/yr
Median age
54.4 years
Owner-occupied
80.4%
College grads
15.7%
Avg commute
19 min
Source: U.S. Census Bureau ACS
What is it like to live in Spencerville?
Spencerville is a community of approximately 1K residents with a median age of 54.4 years.The median household income is $60,708, which represents a working-class community with solid middle-income opportunities. 15.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 19 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spencerville offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Spencerville, NM?
Want a head-to-head view? Compare Spencerville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spencerville?
The median home sale price in Spencerville is $599,000, down 0.0% from last year.
How long do homes stay on market in Spencerville?
Homes typically spend 37 days on market before going under contract.
What is the median income in Spencerville?
The median household income is $60,708 per year.
Is Spencerville a buyer's or seller's market?
With 2.0 months of supply, Spencerville is currently a seller's market.
How much does a single-family home cost in Spencerville?
The median single-family home price in Spencerville, NM is $599,000 (about $268 per square foot).
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