Call or Text (240) SELL-123

PENASCO, NM 87553

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

Market Analysis

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

The PENASCO, NM real estate market (87553) currently shows 3 active listings, with 1 pending sales. Homes are averaging 191 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 taking longer to sell, averaging 191 days on market compared to 184 days last year.

The median listing price has risen 187% year-over-year, from $160,000 to $459,250.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PENASCO, NM 87553 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
$459,250
⇧ 187% vs $160,000 last year
Average Price
$459,250
⇧ 187% vs $160,000 last year
Days on Market
191
⇧ 3.8% vs 184 days last year

Price Per Square Foot

Median $/sqft
$209
⇧ 12.4% vs $186/sqft last year
Median Home Size
2,310 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: 191 now vs 184 last year

Median & Average Pricing

Year over Year
  • Median: $459,250 (+187% YoY)
  • Average: $459,250 (+187% 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 28.4 miles — 140 listings ($125,759,480 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87553Penasco, NM 875530.0 mi2$898,000$449,000$449,000
87543Llano, NM 875437.8 mi1$2,150,000$2,150,000$2,150,000
87527Dixon, NM 875278.3 mi2$700,000$350,000$350,000
87578Truchas, NM 8757811.6 mi2$1,036,000$599,000$518,000
87582Velarde, NM 8758216.1 mi5$1,796,335$337,500$359,267
87522Chimayo, NM 8752217.7 mi6$2,722,800$350,000$453,800
87571Taos, NM 8757120.1 mi104$86,128,848$695,000$828,162
87567Santa Cruz, NM 8756722.1 mi1$795,000$795,000$795,000
87732Mora, NM 8773222.9 mi1$785,000$785,000$785,000
87580Valdez, NM 8758025.9 mi7$22,592,997$1,450,000$3,227,571
87513Arroyo Hondo, NM 8751326.3 mi7$5,449,500$769,500$778,500
87722Guadalupita, NM 8772227.1 mi1$275,000$275,000$275,000
87530El Rito, NM 8753028.4 mi1$430,000$430,000$430,000

Frequently Asked Questions

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

As of February 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 $459,250 as of February 2026, a 187% 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 191 days on the market before going under contract, compared to 184 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 February 2026, PENASCO, NM 87553 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 191 days on market compared to 184 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 $9,185 compared to a typical 5% commission on the median listing price of $459,250. 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.