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SOCORRO, NM 87801

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SOCORRO, NM real estate market (87801) currently shows 25 active listings, with 6 pending sales. Homes are averaging 116 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 116 days on market compared to 74 days last year.

The median listing price has fallen 10.7% year-over-year, from $247,650 to $221,225.

Whether you are buying or selling in SOCORRO, 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: 9,486  ·  Density: 20.7/mi²  ·  Median household income: $45,972

Typical home value: $143,218  ·  Homeownership: 65.6%

Market Overview

Active Listings
25
⇧ 31.6% vs 19 last year
Pending
6
24% pending ratio
Median Price
$221,225
⇩ 10.7% vs $247,650 last year
Average Price
$294,653
⇩ 31.7% vs $431,516 last year
Days on Market
116
⇧ 56.8% vs 74 days last year

Price Per Square Foot

Median $/sqft
$153
⇩ 0.6% vs $154/sqft last year
Median Home Size
1,524 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 19 last year
  • Days on market: 116 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $221,225 (-10.7% YoY)
  • Average: $294,653 (-31.7% 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 69.6 miles — 489 listings ($189,681,176 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87801Socorro, NM 878010.0 mi28$7,898,436$228,725$282,087
87828Polvadera, NM 8782811.2 mi3$3,947,250$1,315,750$1,315,750
87831San Acacia, NM 8783116.8 mi2$469,900$234,950$234,950
87062Veguita, NM 8706232.4 mi2$1,799,800$899,900$899,900
87825Magdalena, NM 8782540.4 mi12$3,338,904$281,950$278,242
87036Mountainair, NM 8703646.5 mi14$4,812,192$348,750$343,728
87031Los Lunas, NM 8703152.4 mi189$77,909,202$369,275$412,218
87061Torreon, NM 8706156.3 mi3$507,600$169,200$169,200
87943Winston, NM 8794358.7 mi3$447,000$149,000$149,000
87068Bosque Farms, NM 8706861.9 mi9$4,853,187$532,250$539,243
87121Albuquerque, NM 8712166.7 mi130$42,621,800$315,000$327,860
87105Albuquerque, NM 8710567.3 mi85$35,040,910$350,000$412,246
87827Pie Town, NM 8782769.6 mi9$6,034,995$550,000$670,555

Frequently Asked Questions

How many homes are for sale in SOCORRO, NM 87801?

As of March 2026, there are 25 active listings in SOCORRO, NM (zip code 87801), compared to 19 the prior year.

What is the median home price in SOCORRO, NM 87801?

The median listing price in SOCORRO, NM 87801 is $221,225 as of March 2026, a 10.7% decrease from $247,650 the prior year.

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

Homes in SOCORRO, NM 87801 spend an average of 116 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in SOCORRO, NM 87801?

Based on current inventory and days-on-market data as of March 2026, SOCORRO, NM 87801 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 116 days on market compared to 74 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SOCORRO, NM 87801 save an estimated $4,425 compared to a typical 5% commission on the median listing price of $221,225. 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.