The 87506 housing market is not very competitive. The median sale price of a home in 87506 was $1.5M last month, down 4.9% since last year. The median sale price per square foot in 87506 is $492, down 1.1% since last year.
In October 2024, 87506 home prices were down 4.9% compared to last year, selling for a median price of $1.5M. On average, homes in 87506 sell after 96 days on the market compared to 70 days last year. There were 56 homes sold in October this year, up from 47 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,497,050
-4.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
87506, NM
$1,497,050
-4.9%
United States
To compare other locations to the 87506 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.
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How hot is the 87506 housing market?
87506 is not very competitive. Homes sell in 89 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 3 months
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 89 days.
Hot homes
can sell for around list price and go pending in around 42 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
87506, NM
97.1%
+0.5 pt
United States
Schools in 87506
Learn about schools in the 87506 area
Elementary
Middle
High
GreatSchools Rating
9/10
Wood-Gormley Elementary School
Public • K-6
300
Students
9 reviews
9/10
Pinon Elementary School
Public • PreK-6
296
Students
5 reviews
8/10
Chamisa Elementary School
Public • K-6
243
Students
3 reviews
8/10
Carlos Gilbert Elementary School
Public • K-6
311
Students
4 reviews
8/10
Acequia Madre Elementary School
Public • K-6
153
Students
3 reviews
Only showing 5 of
20 elementary schools.
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.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87506 has a minor risk of flooding. 534 properties in 87506 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 87506. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
87506 has a moderate risk of wildfire. There are 8,707 properties in 87506 that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in 87506.