87016, NM Housing Market

The 87016 housing market is not very competitive. The median sale price of a home in 87016 was $110K last month, down 74.3% since last year. The median sale price per square foot in 87016 is $121, down 38.6% since last year.

Trends
Demand
Schools
Climate

87016 Housing Market Trends

What is the housing market like in 87016 today?

$110K

Sale Price

-74.3%
since last year

$121

Sale $/Sq. Ft.

-38.6%
since last year

Under List Price

4.5%

Days on Market

Down Payment

—

Total Homes Sold

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 hot is the 87016 housing market?

87016 is not very competitive. Homes sell in 87 days.

100

Not Very Competitive

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.

Compare With Nearby Zip codes

87123

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 24 days.
Hot homes
can sell for around list price and go pending in around 11 days.

87031

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 47 days.
Hot homes
can sell for around list price and go pending in around 18 days.

See more nearby cities and neighborhoods

View houses in 87016 that sold recently

Recently sold homes

SOLD AUG 8, 2024
$35,000
—beds
—baths
—sq ft
La Mantosa Rd, Estancia, NM 87016
List Price
—
Sale to List
—
Days on Market
—
La Mantosa Rd, Estancia, NM 87016
SOLD JUL 17, 2024
$150,000
—beds
—baths
—sq ft
966 State Highway 542, Estancia, NM 87016
List Price
—
Sale to List
—
Days on Market
—
966 State Highway 542, Estancia, NM 87016
SOLD JUL 15, 2024
Unknown Last Sold Price
—beds
—baths
—sq ft
- Bluegrass Rd, Estancia, NM 87016
List Price
—
Sale to List
—
Days on Market
547 days
- Bluegrass Rd, Estancia, NM 87016

Schools in 87016

Learn about schools in the 87016 area

Elementary
Middle
High

GreatSchools Rating

5/10 Lower Elementary School Public • 1-3	135 Students	1 reviews
4/10 Upper Elementary School Public • 4-6	137 Students	2 reviews
NR Van Stone Elementary School Public • K	24 Students	N/A

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.

Heat Factor - Moderate

81% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 87016

New Listings in 87016

County Housing Markets

City Housing Markets

Nearby Zip Code Housing Markets

County Listings

City Listings

Nearby Zip Code Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.