The 87506 housing market is not very competitive. The median sale price of a home in 87506 was $1.4M last month, up 14.2% since last year. The median sale price per square foot in 87506 is $451, up 8.3% since last year.
In March 2024, 87506 home prices were up 14.2% compared to last year, selling for a median price of $1.4M. On average, homes in 87506 sell after 115 days on the market compared to 77 days last year. There were 46 homes sold in March this year, up from 46 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,412,500
+14.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
87506, NM
$1,412,500
+14.2%
United States
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How hot is the 87506 housing market?
87506 is not very competitive. Homes sell in 98 days.
0
100
22
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 3 months
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 98 days.
Hot homes
can sell for around list price and go pending in around 37 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 87506 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87506.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87506 has a moderate risk of flooding. 531 properties in 87506 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 87506. Flood risk is increasing slower than the national average.
98% of properties are at risk of wildfire over the next 30 years
Fire Factor
87506 has a moderate risk of wildfire. There are 8,251 properties in 87506 that have some risk of being affected by wildfire over the next 30 years. This represents 98% of all properties in 87506.