The 87016 housing market is not very competitive. The median sale price of a home in 87016 was $140K over the last 3 months, down 36.4% since the same period last year. The median sale price per square foot in 87016 is $107, down 40.4% since last year.
Over the three months ending August 2026, 87016 home prices were down 36.4% compared to the same period last year, selling for a median price of $140K. On average, homes in 87016 sell after 86 days on the market compared to 201 days last year. There were 3 homes sold in August this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$139,939
-36.4% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
87016, NM
$139,939
-36.4%
United States
To compare other locations to the 87016 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 87016 housing market?
87016 is not very competitive. Homes sell in 87 days.
0
100
5
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 87 days.
Hot homes
can sell for around list price and go pending in around 23 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 87016 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87016.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87016 has a minor risk of flooding. 163 properties in 87016 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in 87016. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
87016 has a severe risk of wildfire. There are 4,897 properties in 87016 that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in 87016.