The 87501 housing market is somewhat competitive. The median sale price of a home in 87501 was $837K last month, up 17.4% since last year. The median sale price per square foot in 87501 is $477, down 2.9% since last year.
In June 2025, 87501 home prices were up 17.4% compared to last year, selling for a median price of $837K. On average, homes in 87501 sell after 69 days on the market compared to 43 days last year. There were 92 homes sold in June this year, down from 93 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$836,500
+17.4% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
87501, NM
$836,500
+17.4%
United States
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How hot is the 87501 housing market?
87501 is somewhat competitive. Homes sell in 66 days.
0
100
31
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 66 days.
Hot homes
can sell for around list price and go pending in around 41 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 87501 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87501.
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87501 has a moderate risk of flooding. 496 properties in 87501 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 87501. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
87501 has a moderate risk of wildfire. There are 8,706 properties in 87501 that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in 87501.