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ESPANOLA, NM 87532

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

Market Overview

Active Listings
25
⇩ 16.7% vs 30 last year
Pending
7
28% pending ratio
Median Price
$515,000
⇧ 3.6% vs $497,000 last year
Average Price
$497,028
⇩ 3.8% vs $516,554 last year
Days on Market
124
⇧ 18.1% vs 105 days last year

Market Context

Population: 19,827  ·  Density: 69.9/mi²  ·  Median household income: $51,331

Typical home value: $214,524  ·  Homeownership: 70.4%

Market Analysis

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

The ESPANOLA, NM real estate market (87532) currently shows 25 active listings, with 7 pending sales. Homes are averaging 124 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 124 days on market compared to 105 days last year.

The median listing price has risen 3.6% year-over-year, from $497,000 to $515,000.

Whether you are buying or selling in ESPANOLA, 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: 25 this year vs 30 last year
  • Days on market: 124 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $515,000 (+3.6% YoY)
  • Average: $497,028 (-3.8% 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 30.2 miles — 246 listings ($359,069,835 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87532Espanola, NM 875320.0 mi25$12,425,700$515,000$497,028
87511Alcalde, NM 8751110.9 mi1$145,900$145,900$145,900
87547White Rock, NM 8754713.0 mi32$25,222,752$775,000$788,211
87506Santa Fe, NM 8750613.4 mi126$291,316,662$1,990,000$2,312,037
87522Chimayo, NM 8752214.5 mi6$2,722,800$350,000$453,800
87544Los Alamos, NM 8754417.9 mi34$17,989,264$402,000$529,096
87527Dixon, NM 8752718.8 mi2$700,000$350,000$350,000
87521Chamisal, NM 8752123.5 mi3$1,604,001$305,000$534,667
87530El Rito, NM 8753025.5 mi1$430,000$430,000$430,000
87553Penasco, NM 8755326.4 mi2$898,000$449,000$449,000
87083Cochiti Lake, NM 8708327.3 mi12$3,489,756$273,000$290,813
87064Youngsville, NM 8706428.1 mi1$925,000$925,000$925,000
87539La Madera, NM 8753930.2 mi1$1,200,000$1,200,000$1,200,000

Frequently Asked Questions

How many homes are for sale in ESPANOLA, NM 87532?

As of January 2026, there are 25 active listings in ESPANOLA, NM (zip code 87532), compared to 30 the prior year.

What is the median home price in ESPANOLA, NM 87532?

The median listing price in ESPANOLA, NM 87532 is $515,000 as of January 2026, a 3.6% increase from $497,000 the prior year.

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

Homes in ESPANOLA, NM 87532 spend an average of 124 days on the market before going under contract, compared to 105 days the prior year.

Is it a seller's or buyer's market in ESPANOLA, NM 87532?

Based on current inventory and days-on-market data as of January 2026, ESPANOLA, NM 87532 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 124 days on market compared to 105 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ESPANOLA, NM 87532 save an estimated $10,300 compared to a typical 5% commission on the median listing price of $515,000. 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.