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RATON, NM 87740

Real Estate Market Report  ·  Colfax County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The RATON, NM real estate market (87740) currently shows 55 active listings, with 16 pending sales. Homes are averaging 122 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 122 days on market compared to 84 days last year.

The median listing price has fallen 1.3% year-over-year, from $164,375 to $162,250.

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Market Context

Market Context

Population: 6,928  ·  Density: 2.0/mi²  ·  Median household income: $42,030

Typical home value: $122,562  ·  Homeownership: 71.5%

Market Overview

Active Listings
55
⇧ 41% vs 39 last year
Pending
16
29% pending ratio
Median Price
$162,250
⇩ 1.3% vs $164,375 last year
Average Price
$212,472
⇩ 20.8% vs $268,403 last year
Days on Market
122
⇧ 45.2% vs 84 days last year

Price Per Square Foot

Median $/sqft
$120
⇧ 0.8% vs $119/sqft last year
Median Home Size
1,561 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 39 last year
  • Days on market: 122 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $162,250 (-1.3% YoY)
  • Average: $212,472 (-20.8% 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 65.4 miles — 259 listings ($152,301,635 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87740Raton, NM 877400.0 mi42$9,737,868$159,000$231,854
87747Springer, NM 8774728.5 mi1$109,000$109,000$109,000
81024Boncarbo, CO 8102436.8 mi1$695,000$695,000$695,000
87729Miami, NM 8772939.3 mi1$569,999$569,999$569,999
81091Weston, CO 8109142.2 mi16$7,665,760$410,750$479,110
81020Aguilar, CO 8102048.3 mi18$11,053,746$493,750$614,097
87752Wagon Mound, NM 8775253.9 mi2$235,000$117,500$117,500
87512Amalia, NM 8751255.3 mi1$425,000$425,000$425,000
87558Red River, NM 8755857.2 mi27$15,352,794$556,250$568,622
81055La Veta, CO 8105561.9 mi55$62,952,065$539,250$1,144,583
81089Walsenburg, CO 8108963.9 mi78$35,207,718$299,900$451,381
87556Questa, NM 8755665.3 mi15$5,777,685$360,000$385,179
87524Costilla, NM 8752465.4 mi2$2,520,000$1,260,000$1,260,000

Frequently Asked Questions

How many homes are for sale in RATON, NM 87740?

As of September 2026, there are 55 active listings in RATON, NM (zip code 87740), compared to 39 the prior year.

What is the median home price in RATON, NM 87740?

The median listing price in RATON, NM 87740 is $162,250 as of September 2026, a 1.3% decrease from $164,375 the prior year.

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

Homes in RATON, NM 87740 spend an average of 122 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in RATON, NM 87740?

Based on current inventory and days-on-market data as of September 2026, RATON, NM 87740 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 122 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RATON, NM 87740 save an estimated $3,245 compared to a typical 5% commission on the median listing price of $162,250. 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.