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#202338963, James Congdon, John Congdon, Listing Office: Santa Fe Properties
87538 Housing Market Report February 2025•San Miguel County, New Mexico
Housing Prices in 87538, NM
How much do homes in 87538, NM cost?
Median List Price
$475,000$226/SqFt
-$120,000
-20.2%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 87538 has decreased by 20.2% since last year.
Summary: The median home list price in 87538 was $475,000 in February 2025, down 20.2% from the previous year, and the median price per square foot was $226.
Median List Price By Zip Codes
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 87565 | $385K | $617.5K | +60.4% |
| 87560 | $547.5K | $547.5K | 0.0% |
| 87538 | $595K | $475K | -20.2% |
| 87535 | $550K | $389K | -29.3% |
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $475K | N/A |
| 33 Bedrooms | $595K | $459.7K | -22.7% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: 87538 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 did not change. The home price for 3 bedroom homes decreased by -22.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does 87538, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
87538, NM
Housing supply in 87538, NM
How many homes are available in 87538, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthFeb 2025 | ||
| 12 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: The 87538 real estate market had 1 homes for sale in Feb 2025, the same as Jan 2025
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 1 | 1 | 0.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 87538 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 remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Days on Market for 87538, NM
How long does it take to sell a home in 87538, NM?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 603 DaysThis YearFeb 2025 | ||
| 178 Days1 year agoFeb 2024 | +237.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 87538 had an average listing age of 603 days in Feb 2025, up by 237.8% compared to the previous year.
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Newest Listings in 87538, NM
What homes are available in 87538, NM?
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MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, for the period 03/01/2023 - 03/01/2025
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: 3/15/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.