Condos for sale in 87031, NM

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87031, NM Real Estate Market Overview

Between March 2025 and April 2025, 87031, NM real estate market has seen decrease in the number of listings by 2.6%. In April 2025, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $324,950. In April 2025 more than 9 listings in 87031, NM were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 12 were sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in 87031, NM

87031 is located in New Mexico. There are roughly 44,952 residents, living in 15,286 households. The average temperature for 87031 this time of the year is low of 45F and high of 80F. On average, 87031 gets about 0.66 inches of precipitation in May. Most residents are home owners (80%), have a high school diploma (48%) and are single, no kids (33%).

Data provided by Home Junction

Schools near 87031, NM

Elementary Schools

  • Peralta Elementary School

    3645 Hwy 47

    Public District PK-6

  • Desert View Elementary School

    49 Camino La Canada

    Public District PK-6

  • Los Lunas Elementary School

    800 Coronado Rd

    Public District PK-6

Middle Schools

  • The Family School

    4 Eastside School Rd

    Public District 1-8

  • Central Elementary School

    600 W Picard Ave

    Public District 4-6

  • Valencia Middle School

    22 Marlink

    Public District 7-8

High Schools

  • Belen High School

    1619 W Delgado Ave

    Public District 9-12

  • Century Alternative High School

    32 Sun Valley Rd

    Public District 9-12

  • Belen Infinity High School

    221 S 4th St

    Public District 9-12

Data provided by Great Schools

Housing market reports in Valencia County

Homes for sale near 87031, NM

Top real estate cities in New Mexico

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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