Is Spencerville, MD 20868 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Spencerville is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Spencerville housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Montgomery County, MD

Population	198
Median income	$143,333
Average income	$146,029
Median home value	$622,200
Owner-occupied	100% of homes
Median year built	1958

Natural hazard riskWinter storms (relatively high), extreme heat (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 20868; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 20868

Prefilled for 20868Can I win this house?Multiple-offer likelihood for a listing Prefilled for 20868Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashton 20861Seller’s market $224 /sq ft Barnesville 20838 $218 /sq ft Bethesda 20814Seller’s market $425 /sq ft Bethesda 20816Seller’s market $495 /sq ft Browse all markets →

Where Spencerville is

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Questions about Spencerville real estate

What are property taxes in Spencerville?

About 0.87% of a home’s value a year in Montgomery County, or roughly $3,480 on a $400,000 home.

Local agents

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More tools for 20868

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Montgomery County property taxes Montgomery County loan limits Closing costs in Maryland Hottest ZIP codes in Maryland

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology