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VELARDE, NM 87582

Real Estate Market Report  ·  Rio Arriba County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
2
40% pending ratio
Median Price
$337,500
⇩ 65.1% vs $967,000 last year
Average Price
$359,267
⇩ 62.8% vs $967,000 last year
Days on Market
222
⇧ 42.3% vs 156 days last year

Market Context

Population: 1,055  ·  Density: 17.7/mi²  ·  Median household income: $90,504

Typical home value: $244,854  ·  Homeownership: 77.2%

Market Analysis

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

The VELARDE, NM real estate market (87582) currently shows 5 active listings, with 2 pending sales. Homes are averaging 222 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 taking longer to sell, averaging 222 days on market compared to 156 days last year.

The median listing price has fallen 65.1% year-over-year, from $967,000 to $337,500.

Whether you are buying or selling in VELARDE, 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: 5 this year vs 2 last year
  • Days on market: 222 now vs 156 last year

Median & Average Pricing

Year over Year
  • Median: $337,500 (-65.1% YoY)
  • Average: $359,267 (-62.8% 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 31.1 miles — 248 listings ($380,629,526 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87582Velarde, NM 875820.0 mi5$1,796,335$337,500$359,267
87549Ojo Caliente, NM 875496.3 mi1$235,000$235,000$235,000
87548Medanales, NM 8754810.3 mi5$4,223,000$699,000$844,600
87532Espanola, NM 8753213.3 mi25$12,425,700$515,000$497,028
87578Truchas, NM 8757814.3 mi2$1,036,000$599,000$518,000
87553Penasco, NM 8755316.1 mi2$898,000$449,000$449,000
87521Chamisal, NM 8752117.3 mi3$1,604,001$305,000$534,667
87543Llano, NM 8754319.5 mi1$2,150,000$2,150,000$2,150,000
87506Santa Fe, NM 8750623.0 mi126$291,316,662$1,990,000$2,312,037
87547White Rock, NM 8754726.3 mi32$25,222,752$775,000$788,211
87529El Prado, NM 8752927.9 mi44$32,042,076$474,000$728,229
87510Abiquiu, NM 8751030.3 mi1$2,000,000$2,000,000$2,000,000
87573Tererro, NM 8757331.1 mi1$5,680,000$5,680,000$5,680,000

Frequently Asked Questions

How many homes are for sale in VELARDE, NM 87582?

As of January 2026, there are 5 active listings in VELARDE, NM (zip code 87582), compared to 2 the prior year.

What is the median home price in VELARDE, NM 87582?

The median listing price in VELARDE, NM 87582 is $337,500 as of January 2026, a 65.1% decrease from $967,000 the prior year.

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

Homes in VELARDE, NM 87582 spend an average of 222 days on the market before going under contract, compared to 156 days the prior year.

Is it a seller's or buyer's market in VELARDE, NM 87582?

Based on current inventory and days-on-market data as of January 2026, VELARDE, NM 87582 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 222 days on market compared to 156 days last year.

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

With SELL123.com's maximum 3% commission, sellers in VELARDE, NM 87582 save an estimated $6,750 compared to a typical 5% commission on the median listing price of $337,500. 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.