Is Cerrillos, NM 87010 a buyer’s or seller’s market?
Cerrillos is a buyer’s market. With about 24 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cerrillos housing market right now
In the three months ending August 31, 2026, 0% of homes in Cerrillos, NM 87010 sold above their list price, the typical home went under contract in 65 days and there were 24 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (111 days then) and the median sale price fell 46% to $274,631. Overall, Cerrillos is more competitive than a year ago, so tougher for buyers.
Within Santa Fe County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Edgewood 87015 (14% sold over asking) and Lamy 87540 (10% sold over asking) are even more competitive.
Run the numbers for 87010
Nearby markets
Chimayo 87522Seller’s market $95 /sq ftEdgewood 87015Seller’s market $251 /sq ftGlorieta 87535Buyer’s market $303 /sq ftLamy 87540Balanced $400 /sq ft Browse all markets →Towns like Cerrillos nearby
Find towns like Cerrillos in other states →Where Cerrillos is
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Questions about Cerrillos real estate
Is Cerrillos a buyer’s or seller’s market?
A buyer’s market: there were 24 months of supply in Cerrillos, NM 87010 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cerrillos?
The typical home went under contract in 65 days in the latest three months.
Do homes in Cerrillos sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Cerrillos?
About 0.48% of a home’s value a year in Santa Fe County, or roughly $1,920 on a $400,000 home.
What is the median home price in Cerrillos?
The median sale price was $274,631 in the three months ending August 31, 2026, about $208 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology