Is Algodones, NM 87001 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Algodones is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Algodones housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Sandoval County, NM

Population	3,560
Median income	$68,547
Average income	$101,416
Median home value	$215,800
Owner-occupied	90% of homes
Median year built	1986

Natural hazard riskWildfire (moderate), extreme heat (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 87001; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87001

Prefilled for 87001Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87001Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bernalillo 87004Balanced $218 /sq ft Cochiti Lake 87083Seller’s market $169 /sq ft Corrales 87048Balanced $319 /sq ft Cuba 87013 — /sq ft Browse all markets →

Towns like Algodones nearby

Find towns like Algodones in other states →

Jemez Pueblo, NM87024 · 26 miles away83% similarcheaper homes ($47K less) Bernalillo, NM87004 · 11 miles away75% similarpricier homes ($36K more) · larger Santo Domingo Pueblo, NM87052 · 10 miles away65% similarcheaper homes ($64K less) · younger residents Albuquerque, NM87105 · 30 miles away52% similarlarger · more renters

Where Algodones is

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Questions about Algodones real estate

What are property taxes in Algodones?

About 0.73% of a home’s value a year in Sandoval County, or roughly $2,920 on a $400,000 home.

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More tools for 87001

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Sandoval County property taxes Sandoval County loan limits Closing costs in New Mexico Hottest ZIP codes in New Mexico

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology