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THOREAU, NM 87323

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The THOREAU, NM real estate market (87323) currently shows 7 active listings, with 1 pending sales. Homes are averaging 147 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 147 days on market compared to 23 days last year.

The median listing price has fallen 5.5% year-over-year, from $199,500 to $188,500.

Whether you are buying or selling in THOREAU, 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: 4,345  ·  Density: 5.7/mi²  ·  Median household income: $35,670

Typical home value: $75,553  ·  Homeownership: 91.0%

Market Overview

Active Listings
7
⇧ 600% vs 1 last year
Pending
1
14% pending ratio
Median Price
$188,500
⇩ 5.5% vs $199,500 last year
Average Price
$192,317
⇩ 3.6% vs $199,500 last year
Days on Market
147
⇧ 539.1% vs 23 days last year

Price Per Square Foot

Median $/sqft
$157
⇧ 74.4% vs $90/sqft last year
Median Home Size
1,596 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 1 last year
  • Days on market: 147 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $188,500 (-5.5% YoY)
  • Average: $192,317 (-3.6% 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 0.0 miles — 124 listings ($36,832,268 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87323Thoreau, NM 873230.0 mi8$1,282,536$137,000$160,317
87005Bluewater, NM 8700517.1 mi1$699,900$699,900$699,900
87321Ramah, NM 8732129.6 mi10$4,087,190$391,500$408,719
87305Gallup, NM 8730531.5 mi1$104,000$104,000$104,000
87301Gallup, NM 8730133.5 mi53$14,739,353$246,350$278,101
87049San Fidel, NM 8704939.5 mi1$49,000$49,000$49,000
87014Cubero, NM 8701446.2 mi1$154,000$154,000$154,000
87315Fence Lake, NM 8731558.6 mi5$1,482,500$322,500$296,500
87413Bloomfield, NM 8741370.6 mi25$8,783,125$361,000$351,325
87416Fruitland, NM 8741679.8 mi2$480,000$240,000$240,000
87829Quemado, NM 8782987.1 mi17$4,970,664$277,500$292,392
, 0.0 mi0$0$0$0

Frequently Asked Questions

How many homes are for sale in THOREAU, NM 87323?

As of March 2026, there are 7 active listings in THOREAU, NM (zip code 87323), compared to 1 the prior year.

What is the median home price in THOREAU, NM 87323?

The median listing price in THOREAU, NM 87323 is $188,500 as of March 2026, a 5.5% decrease from $199,500 the prior year.

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

Homes in THOREAU, NM 87323 spend an average of 147 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in THOREAU, NM 87323?

Based on current inventory and days-on-market data as of March 2026, THOREAU, NM 87323 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 147 days on market compared to 23 days last year.

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

With SELL123.com's maximum 3% commission, sellers in THOREAU, NM 87323 save an estimated $3,770 compared to a typical 5% commission on the median listing price of $188,500. 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.