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THOREAU, NM 87323

Real Estate Market Report  ·  McKinley County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇧ 100% vs 3 last year
Pending
1
17% pending ratio
Median Price
$145,000
⇩ 18.2% vs $177,225 last year
Average Price
$148,580
⇩ 8.5% vs $162,375 last year
Days on Market
138
⇩ 42.5% vs 240 days last year

Market Context

Population: 4,345  ·  Density: 5.7/mi²  ·  Median household income: $35,670

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

Market Analysis

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

The THOREAU, NM real estate market (87323) currently shows 6 active listings, with 1 pending sales. Homes are averaging 138 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 138 days on market compared to 240 days last year.

The median listing price has fallen 18.2% year-over-year, from $177,225 to $145,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 3 last year
  • Days on market: 138 now vs 240 last year

Median & Average Pricing

Year over Year
  • Median: $145,000 (-18.2% YoY)
  • Average: $148,580 (-8.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 90.7 miles — 96 listings ($30,533,431 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87323Thoreau, NM 873230.0 mi6$891,480$145,000$148,580
87005Bluewater, NM 8700517.1 mi1$750,000$750,000$750,000
87321Ramah, NM 8732129.6 mi9$4,012,587$399,000$445,843
87305Gallup, NM 8730531.5 mi1$104,000$104,000$104,000
87301Gallup, NM 8730133.5 mi48$13,303,440$237,750$277,155
87375Yatahey, NM 8737537.7 mi2$210,000$105,000$105,000
87326Vanderwagen, NM 8732642.1 mi0$0$169,000$169,000
87013Cuba, NM 8701356.3 mi3$638,901$199,900$212,967
86511Saint Michaels, AZ 8651162.9 mi1$201,503$201,503$201,503
87827Pie Town, NM 8782775.3 mi10$6,230,000$465,000$623,000
85936Saint Johns, AZ 8593686.3 mi14$3,866,520$239,500$276,180
87029Lindrith, NM 8702990.7 mi1$325,000$325,000$325,000

Frequently Asked Questions

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

As of January 2026, there are 6 active listings in THOREAU, NM (zip code 87323), compared to 3 the prior year.

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

The median listing price in THOREAU, NM 87323 is $145,000 as of January 2026, a 18.2% decrease from $177,225 the prior year.

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

Homes in THOREAU, NM 87323 spend an average of 138 days on the market before going under contract, compared to 240 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 January 2026, THOREAU, NM 87323 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 138 days on market compared to 240 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 $2,900 compared to a typical 5% commission on the median listing price of $145,000. 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.