Is San Rafael, NM 87051 a buyer’s or seller’s market?
San Rafael 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.
The San Rafael housing market right now
In the three months ending August 31, 2026, 0% of homes in San Rafael, NM 87051 sold above their list price and the typical home went under contract in 108 days. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $49,878, or about $22 per square foot.
Within Cibola County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Laguna 87026 (100% sold over asking) is even more competitive.
Run the numbers for 87051
Nearby markets
Bluewater 87005 — /sq ftFence Lake 87315 $391 /sq ftGrants 87020Balanced $134 /sq ftLaguna 87026 $185 /sq ft Browse all markets →Where San Rafael is
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Questions about San Rafael real estate
How fast do homes sell in San Rafael?
The typical home went under contract in 108 days in the latest three months.
Do homes in San Rafael sell over asking?
0% of homes sold above their original list price.
What are property taxes in San Rafael?
About 0.80% of a home’s value a year in Cibola County, or roughly $3,200 on a $400,000 home.
What is the median home price in San Rafael?
The median sale price was $49,878 in the three months ending August 31, 2026, about $22 per square foot.
Local agents
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More tools for 87051
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology