OfferBackedBuyer Tools

Is Springer, NM 87747 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Springer is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market169Listing to accepted offer
Median price per sq ft$27▼ −73.5% vs. last year

The Springer housing market right now

In the three months ending August 31, 2026, 0% of homes in Springer, NM 87747 sold above their list price, the typical home went under contract in 169 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (227 days then) and the median sale price fell 88% to $24,989. Overall, Springer is more competitive than a year ago, so tougher for buyers.

Run the numbers for 87747

Prefilled for 87747Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87747Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Angel Fire 87710Buyer’s market $280 /sq ftCimarron 87714 — /sq ftEagle Nest 87718Buyer’s market $232 /sq ftMaxwell 87728 — /sq ft Browse all markets →

Towns like Springer nearby

Find towns like Springer in other states →
Raton, NM87740 · 37 miles away41% similarpricier homes ($34K more) · larger Angel Fire, NM87710 · 36 miles away2% similarhigher income ($27K more) · pricier homes ($450K more)

Where Springer is

Loading map…

Questions about Springer real estate

Is Springer a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Springer, NM 87747 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Springer?

The typical home went under contract in 169 days in the latest three months.

Do homes in Springer sell over asking?

0% of homes sold above their original list price.

What are property taxes in Springer?

About 0.52% of a home’s value a year in Colfax County, or roughly $2,080 on a $400,000 home.

What is the median home price in Springer?

The median sale price was $24,989 in the three months ending August 31, 2026, about $27 per square foot.

Local agents

See all agents in 87747 →

No sponsored agents in 87747 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 87747

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 Colfax County property taxesColfax County loan limitsClosing costs in New MexicoHottest ZIP codes in New Mexico
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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