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PENASCO, NM 87553

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

Market Analysis

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

The PENASCO, NM real estate market (87553) currently shows 3 active listings, with 1 pending sales. Homes are averaging 162 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 162 days on market compared to 215 days last year.

The median listing price has risen 193.4% year-over-year, from $160,000 to $469,500.

Whether you are buying or selling in PENASCO, 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: 1,583  ·  Density: 51.2/mi²  ·  Median household income: $37,143

Typical home value: $180,590  ·  Homeownership: 75.2%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$469,500
⇧ 193.4% vs $160,000 last year
Average Price
$469,500
⇧ 193.4% vs $160,000 last year
Days on Market
162
⇩ 24.7% vs 215 days last year

Price Per Square Foot

Median $/sqft
$187
⇧ 0.5% vs $186/sqft last year
Median Home Size
2,674 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 162 now vs 215 last year

Median & Average Pricing

Year over Year
  • Median: $469,500 (+193.4% YoY)
  • Average: $469,500 (+193.4% 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 27.7 miles — 112 listings ($86,179,726 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87553Penasco, NM 875530.0 mi3$1,377,750$459,250$459,250
87543Llano, NM 875437.8 mi1$2,150,000$2,150,000$2,150,000
87527Dixon, NM 875278.3 mi3$937,500$312,500$312,500
87578Truchas, NM 8757811.6 mi2$1,825,000$912,500$912,500
87511Alcalde, NM 8751115.7 mi1$125,000$125,000$125,000
87529El Prado, NM 8752917.3 mi43$31,051,934$497,000$722,138
87549Ojo Caliente, NM 8754918.8 mi2$1,298,000$649,000$649,000
87715Cleveland, NM 8771520.9 mi1$190,000$190,000$190,000
87539La Madera, NM 8753922.1 mi1$1,200,000$1,200,000$1,200,000
87514Arroyo Seco, NM 8751423.5 mi13$23,129,574$1,375,000$1,779,198
87548Medanales, NM 8754826.0 mi6$4,713,600$699,000$785,600
87532Espanola, NM 8753226.5 mi27$14,057,118$517,000$520,634
87742Rociada, NM 8774227.7 mi9$4,124,250$407,000$458,250

Frequently Asked Questions

How many homes are for sale in PENASCO, NM 87553?

As of March 2026, there are 3 active listings in PENASCO, NM (zip code 87553), compared to 2 the prior year.

What is the median home price in PENASCO, NM 87553?

The median listing price in PENASCO, NM 87553 is $469,500 as of March 2026, a 193.4% increase from $160,000 the prior year.

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

Homes in PENASCO, NM 87553 spend an average of 162 days on the market before going under contract, compared to 215 days the prior year.

Is it a seller's or buyer's market in PENASCO, NM 87553?

Based on current inventory and days-on-market data as of March 2026, PENASCO, NM 87553 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 162 days on market compared to 215 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PENASCO, NM 87553 save an estimated $9,390 compared to a typical 5% commission on the median listing price of $469,500. 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.