The 87540 housing market is not very competitive. The median sale price of a home in 87540 was $820K over the last 3 months, down 23.7% since the same period last year. The median sale price per square foot in 87540 is $400, up 14.1% since last year.
Over the three months ending June 2026, 87540 home prices were down 23.7% compared to the same period last year, selling for a median price of $820K. On average, homes in 87540 sell after 124 days on the market compared to 118 days last year. There were 3 homes sold in June this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$819,815
-23.7% YoY | Jun 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2026
Growth
% YoY
87540, NM
$819,815
-23.7%
United States
To compare other locations to the 87540 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 87540 housing market?
87540 is not very competitive. Homes sell in 86.5 days.
0
100
27
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 58 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 87540 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87540.
Flood Factor - Minor
<1% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87540 has a minor risk of flooding. 4 properties in 87540 are likely to be
severely affected
by flooding over the next 30 years. This represents <1% of all properties in 87540. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
87540 has a major risk of wildfire. There are 987 properties in 87540 that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in 87540.