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BLUEWATER, NM 87005

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BLUEWATER, NM real estate market (87005) currently shows 1 active listings. Homes are averaging 155 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 155 days on market compared to 49 days last year.

The median listing price has risen 154.5% year-over-year, from $275,000 to $699,900.

Whether you are buying or selling in BLUEWATER, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25  ·  Density: 0.4/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
1
⇩ 66.7% vs 3 last year
Pending
0
0% pending ratio
Median Price
$699,900
⇧ 154.5% vs $275,000 last year
Average Price
$699,900
⇧ 25.4% vs $558,333 last year
Days on Market
155
⇧ 216.3% vs 49 days last year

Price Per Square Foot

Median $/sqft
$308
⇧ 196.2% vs $104/sqft last year
Median Home Size
2,270 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 3 last year
  • Days on market: 155 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $699,900 (+154.5% YoY)
  • Average: $699,900 (+25.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 92.4 miles — 449 listings ($182,073,367 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87005Bluewater, NM 870050.0 mi1$699,900$699,900$699,900
87045Prewitt, NM 870459.9 mi5$1,531,250$138,500$306,250
87051San Rafael, NM 8705115.5 mi1$74,900$74,900$74,900
87049San Fidel, NM 8704923.5 mi1$49,000$49,000$49,000
87014Cubero, NM 8701431.4 mi1$154,000$154,000$154,000
87301Gallup, NM 8730147.4 mi53$14,739,353$246,350$278,101
87315Fence Lake, NM 8731552.0 mi5$1,482,500$322,500$296,500
87013Cuba, NM 8701357.6 mi2$549,900$274,950$274,950
87121Albuquerque, NM 8712165.1 mi130$42,621,800$315,000$327,860
87124Rio Rancho, NM 8712467.3 mi223$108,470,768$428,000$486,416
87829Quemado, NM 8782978.9 mi17$4,970,664$277,500$292,392
87006Bosque, NM 8700684.3 mi6$3,621,000$494,500$603,500
87046Regina, NM 8704692.4 mi4$3,108,332$599,250$777,083

Frequently Asked Questions

How many homes are for sale in BLUEWATER, NM 87005?

As of March 2026, there are 1 active listings in BLUEWATER, NM (zip code 87005), compared to 3 the prior year.

What is the median home price in BLUEWATER, NM 87005?

The median listing price in BLUEWATER, NM 87005 is $699,900 as of March 2026, a 154.5% increase from $275,000 the prior year.

How long do homes stay on the market in BLUEWATER, NM?

Homes in BLUEWATER, NM 87005 spend an average of 155 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in BLUEWATER, NM 87005?

Based on current inventory and days-on-market data as of March 2026, BLUEWATER, NM 87005 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 155 days on market compared to 49 days last year.

How much can I save on real estate commission in BLUEWATER, NM?

With SELL123.com's maximum 3% commission, sellers in BLUEWATER, NM 87005 save an estimated $13,998 compared to a typical 5% commission on the median listing price of $699,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.