87532 Housing Market Report April 2025•Rio Arriba County, New Mexico

Housing Prices in 87532, NM

How much do homes in 87532, NM cost?

Median List Price

$399,000$224/SqFt

+$47,750

+13.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 87532 has increased by 13.6% since last year.

Summary: The median home list price in 87532 was $399,000 in April 2025, up 13.6% from the previous year, and the median price per square foot was $224.

Median List Price By Zip Codes

City	Apr 2024	Apr 2025	Change YoY
87511	$380K	$611.2K	+60.9%
87532	$351.2K	$399K	+13.6%

Median List Price By Bedrooms

Beds	Apr 2024	Apr 2025	Change YoY
11 Bedroom	$175K	$175K	0.0%
22 Bedrooms	$325K	$250K	-23.1%
33 Bedrooms	$350K	$392.5K	+12.1%
44 Bedrooms	$455K	$589K	+29.5%
55+ Bedrooms	$450K	$537.5K	+19.4%

Summary: 87532 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -23.1%. The home price for 3 bedroom homes increased by +12.1%. The home price for 4 bedroom homes increased by +29.5%. The home price for 5 bedroom homes increased by +19.4%.

How does 87532, NM compare with other places?

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

87532, NM

Housing supply in 87532, NM

How many homes are available in 87532, NM?

Number of Homes For Sale

Last Month	2 months ago	Change MoM
35Last MonthApr 2025
332 months agoMar 2025	+6.1 % Change MoMMar – Apr

Summary: The 87532 real estate market had 35 homes for sale in Apr 2025, a 6.1 % increase compared to Mar 2025.

Homes For Sale By Bedroom Count

Beds	Mar 2025	Apr 2025	Change MoM
11 Bedroom	0	0	0.0%
22 Bedrooms	2	1	-50.0%
33 Bedrooms	21	22	+4.8%
44 Bedrooms	9	9	0.0%
55+ Bedrooms	1	3	+200.0%

Summary: 87532 housing inventory by bedroom type for April 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 increased by +4.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +200.0%.

Asking Price vs. Sold Price

How much do homes in 87532, NM cost?

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 87532, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 87532 in April 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 87532, NM

How long does it take to sell a home in 87532, NM?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 87532 are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 1 homes were sold in 87532; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

This Year	1 year ago	Change YoY
176 DaysThis YearApr 2025
179 Days1 year agoApr 2024	-1.8 % Change YoYApr 2024 – Apr 2025

Summary: Homes in 87532 had an average listing age of 176 days in Apr 2025, down by 1.8% compared to the previous year.

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Newest Listings in 87532, NM

What homes are available in 87532, NM?

See More Listings

5 days on Rocket

$1,888 Closing Credit¹

$159,000

3 beds • 1 bath • 1,032 sqft

938 Calle Vigil, Espanola, NM 87532

#202501644, John Ramon Vigil, Emery Maez, Listing Office: The Maez Group

7 days on Rocket

$3,248 Closing Credit¹

$273,500

2 beds • 2 baths • 1,809 sqft

1511 Nm 76, Espanola, NM 87567

#202501860, Danika Wright, Alicia Hicks, Listing Office: Realty One of New Mexico

$3,563 Closing Credit¹

$300,000

3 beds • 1 bath • 1,354 sqft

1313 La Joya St, Espanola, NM 87532

#202501806, Leland Titus, Listing Office: Santa Fe Realty Unlimited

$9,488 Closing Credit¹

$799,000

4 beds • 4 baths • 3,550 sqft

1113 Nm 76, Santa Cruz, NM 87567

#202501702, John B. Granito III, Listing Office: Buena Vista Properties

Tour

$7,054 Closing Credit¹

$594,000

4 beds • 3 baths • 1,601 sqft

1221B N Orchard, Espanola, NM 87532

#202501546, Janice Martinez, Listing Office: The Hive Real Estate Collectiv

Tour

$7,838 Closing Credit¹

$660,000

5 beds • 2 baths • 4,212 sqft

169 Nm 399, Espanola, NM 87532

#1081372, Gahl Eshet, Listing Office: Coldwell Banker Legacy

Tour

$7,838 Closing Credit¹

$660,000

5 beds • 3 baths • 3,038 sqft

169 State Road 399, La Mesilla, NM 87532

#202501213, Gahl Eshet, NON MEMBER, Listing Office: Coldwell Banker Legacy # 3, NON MEMBER

$30,000

Land • 0.07 Acres

TBD Paseo De Onate, Espanola, NM 87532

#202501352, Kimberly Gaytan Pizano, Listing Office: Keller Williams Realty

$4,738 Closing Credit¹

$399,000

3 beds • 2 baths • 2,000 sqft

1461 Calle Cielito Lindo, Espanola, NM 87532

#202501162, Heather Vigil, Listing Office: Real Broker LLC

Tour

$7,707 Closing Credit¹

$649,000

4 beds • 3 baths • 3,200 sqft

80 County Rd 126, La Mesilla, NM 87532

#202501057, Victor M. Ortega, Nathan Ortiz, Listing Office: NM Roots Real Estate

$1,870 Closing Credit¹

$157,500

5 beds • 2.5 baths • 2,720 sqft

10 Camino De Duran, Espanola, NM 87532

#202501011, Brenda Mae Colburn, Listing Office: Vylla Home

$7,124 Closing Credit¹

$599,900

4 beds • 2.5 baths • 2,226 sqft

24 Ojitos Dr, Espanola, NM 87532

#1078671, Trung D Doan, Listing Office: Equity New Mexico

Nearby markets

87506, NM

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MLS Disclaimers and Copyright

Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 05/01/2023 - 05/01/2025

The 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: 5/9/2025, 6:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

The 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: 5/9/2025, 6:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.