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HERNANDEZ, NM 87537

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

Market Overview

Active Listings
6
⇧ 100% vs 3 last year
Pending
2
33% pending ratio
Median Price
$297,000
⇩ 31.7% vs $435,125 last year
Average Price
$342,250
⇩ 8.8% vs $375,375 last year
Days on Market
74
⇩ 6.3% vs 79 days last year

Market Context

Population: 2,561  ·  Density: 7.0/mi²  ·  Median household income: $48,000

Typical home value: $192,014  ·  Homeownership: 71.8%

Market Analysis

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

The HERNANDEZ, NM real estate market (87537) currently shows 6 active listings, with 2 pending sales. Homes are averaging 74 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 74 days on market compared to 79 days last year.

The median listing price has fallen 31.7% year-over-year, from $435,125 to $297,000.

Whether you are buying or selling in HERNANDEZ, 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: 74 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $297,000 (-31.7% YoY)
  • Average: $342,250 (-8.8% 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 32.6 miles — 228 listings ($346,878,985 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87537Hernandez, NM 875370.0 mi6$2,053,500$297,000$342,250
87532Espanola, NM 8753211.7 mi25$12,425,700$515,000$497,028
87582Velarde, NM 8758214.0 mi5$1,796,335$337,500$359,267
87511Alcalde, NM 8751115.7 mi1$145,900$145,900$145,900
87064Youngsville, NM 8706417.3 mi1$925,000$925,000$925,000
87527Dixon, NM 8752721.8 mi2$700,000$350,000$350,000
87544Los Alamos, NM 8754422.3 mi34$17,989,264$402,000$529,096
87522Chimayo, NM 8752224.2 mi6$2,722,800$350,000$453,800
87506Santa Fe, NM 8750625.0 mi126$291,316,662$1,990,000$2,312,037
87025Jemez Springs, NM 8702527.6 mi14$8,601,824$473,000$614,416
87553Penasco, NM 8755330.0 mi2$898,000$449,000$449,000
87017Gallina, NM 8701730.8 mi2$1,060,000$530,000$530,000
87518Cebolla, NM 8751832.6 mi4$6,244,000$1,722,500$1,561,000

Frequently Asked Questions

How many homes are for sale in HERNANDEZ, NM 87537?

As of January 2026, there are 6 active listings in HERNANDEZ, NM (zip code 87537), compared to 3 the prior year.

What is the median home price in HERNANDEZ, NM 87537?

The median listing price in HERNANDEZ, NM 87537 is $297,000 as of January 2026, a 31.7% decrease from $435,125 the prior year.

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

Homes in HERNANDEZ, NM 87537 spend an average of 74 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in HERNANDEZ, NM 87537?

Based on current inventory and days-on-market data as of January 2026, HERNANDEZ, NM 87537 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 74 days on market compared to 79 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HERNANDEZ, NM 87537 save an estimated $5,940 compared to a typical 5% commission on the median listing price of $297,000. 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.