The 87505 housing market is somewhat competitive. The median sale price of a home in 87505 was $547K last month, down 0.55% since last year. The median sale price per square foot in 87505 is $369, up 5.9% since last year.
In March 2024, 87505 home prices were down 0.55% compared to last year, selling for a median price of $547K. On average, homes in 87505 sell after 62 days on the market compared to 61 days last year. There were 75 homes sold in March this year, down from 78 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$547,000
-0.55% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
87505, NM
$547,000
-0.55%
United States
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How hot is the 87505 housing market?
87505 is somewhat competitive. Homes sell in 50.5 days.
0
100
48
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 2% below list price and go pending in around 51 days.
Hot homes
can sell for around list price and go pending in around 21 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 87505 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87505.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87505 has a minor risk of flooding. 556 properties in 87505 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 87505. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
87505 has a moderate risk of wildfire. There are 15,724 properties in 87505 that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in 87505.