Stay informed with Rocket and Redfin

Understand your market like never before.

87701 Housing Market Report June 2025•San Miguel County, New Mexico

hero building illustration for mobile

Housing Prices in 87701, NM

How much do homes in 87701, 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.
$257,500$167/SqFt
+$32,550
+14.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 87701 has increased by 14.5% since last year.

Summary: The median home list price in 87701 was $257,500 in June 2025, up 14.5% from the previous year, and the median price per square foot was $167.

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.
BedsJun 2024Jun 2025Change YoY
1$169K$139.5K
-17.5%
2$180K$216.5K
+20.3%
3$250K$230K
-8.0%
4$254K$406.7K
+60.1%
5$299K$695K
+132.4%

Summary: 87701 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -17.5%. The home price for 2 bedroom homes increased by +20.3%. The home price for 3 bedroom homes decreased by -8.0%. The home price for 4 bedroom homes increased by +60.1%. The home price for 5 bedroom homes increased by +132.4%.

How does 87701, NM compare with other places?

Market comparison tool

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

87701, NM

Housing supply in 87701, NM

How many homes are available in 87701, 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
18Last MonthJun 2025
182 months agoMay 2025
0.0 %
Change MoMMay – Jun

Summary: The 87701 real estate market had 18 homes for sale in Jun 2025, the same as May 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.
BedsMay 2025Jun 2025Change MoM
111
0.0%
255
0.0%
365
-16.7%
433
0.0%
534
+33.3%

Summary: 87701 housing inventory by bedroom type for June 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 decreased by -16.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in 87701, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 87701, 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 87701 in June 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 87701, NM

How long does it take to sell a home in 87701, NM?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 87701 are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 1 homes were sold in 87701; 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

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
97 DaysThis YearJun 2025
196 Days1 year agoJun 2024
-50.2 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in 87701 had an average listing age of 97 days in Jun 2025, down by 50.2% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 87701, NM

What homes are available in 87701, NM?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in New Mexico

MLS Disclaimers and Copyright

Based on information from Santa Fe MLS, MLS of Oklahoma, and Southwest Multiple Listing Service for the period 07/01/2023 - 07/01/2025

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: 8/1/2025, 2:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site 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. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 2:44:28 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 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: 8/1/2025, 2:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.