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ESPANOLA, NM 87532

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

Market Analysis

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

The ESPANOLA, NM real estate market (87532) currently shows 33 active listings, with 12 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 68 days on market compared to 122 days last year.

The median listing price has fallen 9.1% year-over-year, from $552,500 to $502,250.

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 Context

Market Context

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

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

Market Overview

Active Listings
33
⇧ 26.9% vs 26 last year
Pending
12
36% pending ratio
Median Price
$502,250
⇩ 9.1% vs $552,500 last year
Average Price
$529,256
⇧ 0.8% vs $524,809 last year
Days on Market
68
⇩ 44.3% vs 122 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 9.4% vs $203/sqft last year
Median Home Size
2,223 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 26 last year
  • Days on market: 68 now vs 122 last year

Median & Average Pricing

Year over Year
  • Median: $502,250 (-9.1% YoY)
  • Average: $529,256 (+0.8% 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
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 30.3 miles — 263 listings ($351,384,718 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87532Espanola, NM 875320.0 mi27$14,057,118$517,000$520,634
87511Alcalde, NM 8751110.9 mi1$125,000$125,000$125,000
87547White Rock, NM 8754713.0 mi39$30,578,808$786,350$784,072
87506Santa Fe, NM 8750613.4 mi120$269,643,600$1,971,250$2,247,030
87522Chimayo, NM 8752214.5 mi6$2,700,000$350,000$450,000
87544Los Alamos, NM 8754417.9 mi30$16,089,000$402,000$536,300
87527Dixon, NM 8752718.8 mi3$937,500$312,500$312,500
87521Chamisal, NM 8752123.5 mi3$870,000$290,000$290,000
87530El Rito, NM 8753025.5 mi2$925,000$462,500$462,500
87553Penasco, NM 8755326.4 mi3$1,377,750$459,250$459,250
87083Cochiti Lake, NM 8708327.3 mi13$4,301,817$317,500$330,909
87064Youngsville, NM 8706428.1 mi1$925,000$925,000$925,000
87025Jemez Springs, NM 8702530.3 mi15$8,854,125$460,000$590,275

Frequently Asked Questions

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

As of March 2026, there are 33 active listings in ESPANOLA, NM (zip code 87532), compared to 26 the prior year.

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

The median listing price in ESPANOLA, NM 87532 is $502,250 as of March 2026, a 9.1% decrease from $552,500 the prior year.

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

Homes in ESPANOLA, NM 87532 spend an average of 68 days on the market before going under contract, compared to 122 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 March 2026, ESPANOLA, NM 87532 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 68 days on market compared to 122 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 $10,045 compared to a typical 5% commission on the median listing price of $502,250. 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.