The 87508 housing market is somewhat competitive. The median sale price of a home in 87508 was $709K last month, up 11.7% since last year. The median sale price per square foot in 87508 is $351, up 3.8% since last year.
In April 2025, 87508 home prices were up 11.7% compared to last year, selling for a median price of $709K. On average, homes in 87508 sell after 55 days on the market compared to 70 days last year. There were 61 homes sold in April this year, down from 67 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$709,000
+11.7% YoY | Apr 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2025
Growth
% YoY
87508, NM
$709,000
+11.7%
United States
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How hot is the 87508 housing market?
87508 is somewhat competitive. Homes sell in 51.5 days.
0
100
57
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 52 days.
Hot homes
can sell for around list price and go pending in around 21 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 87508 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 87508.
Flood Factor - Moderate
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
87508 has a moderate risk of flooding. 40 properties in 87508 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in 87508. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
87508 has a major risk of wildfire. There are 987 properties in 87508 that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in 87508.