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Market trends in 87540, NM
Last updated August 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-List Price
96.4%
+1.0% MoM
Median sale price
$810K
$10K MoM
Avg. days on market
61d
4 days MoM
Recently sold homes
10
3 MoM
Provided by Redfin
Sale history for 44 Cerro Alto Rd
Date
Event
Price
Public Records
May 12, 2021
Sold
—
Santa Fe MLS #202004348
Apr 8, 2021
Delisted
—
Oct 12, 2020
Listed
$595,000
Santa Fe MLS #201900181
Apr 8, 2021
Contingent
—
Jan 31, 2020
Relisted
—
Jan 17, 2020
Delisted
—
Jan 21, 2019
Listed
$144,500
Santa Fe MLS #201703844
Jul 31, 2018
Delisted
—
Jan 18, 2018
Price Changed
$145,000
Aug 8, 2017
Listed
$150,000
Public Records
Jan 7, 2010
Sold
—
Santa Fe MLS #900700
Feb 9, 2009
Listed
$155,000
Santa Fe MLS #139518
Jul 6, 2006
Listed
$250,000
Santa Fe MLS #137814
May 2, 2006
Listed
$265,000
Santa Fe MLS #134133
Nov 4, 2005
Listed
$295,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,579 (+0.8%)
$54,891
2024
$1,566 (−0.1%)
$54,726
2023
$1,568 (+14.2%)
$54,726
2022
$1,373 (+15.9%)
$47,335
2021
$1,185 (+17.5%)
$40,669
2020
$1,008
$34,610
2019
$1,008
$34,610
2018
$1,008
$34,610
Tax history for 44 Cerro Alto Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,579 (+0.8%)
$54,891
2024
$1,566 (−0.1%)
$54,726
2023
$1,568 (+14.2%)
$54,726
2022
$1,373 (+15.9%)
$47,335
2021
$1,185 (+17.5%)
$40,669
2020
$1,008
$34,610
2019
$1,008
$34,610
2018
$1,008
$34,610
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RES-F
Residential Fringe District
The purpose of the Residential Fringe RES-F district is to designate areas suitable for a combination of estate-type residential development, smaller-scale agricultural uses, ranchettes and other compatible uses. The RES-F district provides an intermediate step in single-family residential development between open space and; or agricultural/ ranching lands, and typically suburban residential densities. The RES-F district may be comprised of a variety of residential lot sizes, clustered housing and community open space and can include limited agricultural use accessory to residential uses. Density transfers and clustered development shall be allowed in order to support continued farming and/or ranching activities, conserve open space or protect scenic features and environmentally sensitive areas.