87035 Housing Market Report February 2025•Torrance County, New Mexico

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Housing Prices in 87035, NM

How much do homes in 87035, NM cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$242,850$169/SqFt
+$8,552
+3.7%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 87035 has increased by 3.7% since last year.

Summary: The median home list price in 87035 was $242,850 in February 2025, up 3.7% from the previous year, and the median price per square foot was $169.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
87035
+3.7%
87016
-10.1%
87056
-24.8%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$130K
N/A
2$203K$217K
+6.9%
3$235.3K$270K
+14.7%
4$241.2K$295K
+22.3%
5$549.9K$165K
-70.0%

Summary: 87035 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.9%. The home price for 3 bedroom homes increased by +14.7%. The home price for 4 bedroom homes increased by +22.3%. The home price for 5 bedroom homes decreased by -70.0%.

How does 87035, NM compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

87035, NM

Housing supply in 87035, NM

How many homes are available in 87035, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthFeb 2025
172 months agoJan 2025
-17.6 %
Change MoMJan – Feb

Summary: The 87035 real estate market had 14 homes for sale in Feb 2025, a 17.6 % decrease compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
263
-50.0%
387
-12.5%
434
+33.3%
500
0.0%

Summary: 87035 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes remained the same.

Days on Market for 87035, NM

How long does it take to sell a home in 87035, NM?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
126 DaysThis YearFeb 2025
288 Days1 year agoFeb 2024
-56.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 87035 had an average listing age of 126 days in Feb 2025, down by 56.4% compared to the previous year.

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Newest Listings in 87035, NM

What homes are available in 87035, NM?

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MLS Disclaimers and Copyright

Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 03/01/2023 - 03/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.