Is Torreon, NM 87061 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Torreon 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 Torreon housing market right now

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

About the area

Torrance County, NM

Population	291
Median income	$44,277
Average income	$51,089
Median home value	$173,600
Owner-occupied	100% of homes
Median year built	1987

Natural hazard riskWinter storms (very high), wildfire (relatively high), hail (relatively high)

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 87061; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87061

Prefilled for 87061Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87061Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Encino 88321 $36 /sq ft Estancia 87016Buyer’s market $102 /sq ft Moriarty 87035Seller’s market $186 /sq ft Mountainair 87036Buyer’s market $111 /sq ft Browse all markets →

Where Torreon is

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Questions about Torreon real estate

What are property taxes in Torreon?

About 0.45% of a home’s value a year in Torrance County, or roughly $1,800 on a $400,000 home.

Local agents

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More tools for 87061

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 Torrance County property taxes Torrance 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