Is Cochiti Lake, NM 87083 a buyer’s or seller’s market?
Cochiti Lake is a seller’s market. With about 3.7 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Cochiti Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Cochiti Lake, NM 87083 sold above their list price, the typical home went under contract in 113 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 more slowly (96 days then) and the median sale price fell 21% to $263,886. Overall, Cochiti Lake is less competitive than a year ago, which gives buyers more room.
Within Sandoval County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Los Alamos 87544 (34% sold over asking) and Corrales 87048 (21% sold over asking) are even more competitive.
Run the numbers for 87083
Nearby markets
Algodones 87001 — /sq ftBernalillo 87004Balanced $218 /sq ftCorrales 87048Balanced $319 /sq ftCuba 87013 — /sq ft Browse all markets →Where Cochiti Lake is
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Questions about Cochiti Lake real estate
Is Cochiti Lake a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Cochiti Lake, NM 87083 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 Cochiti Lake?
The typical home went under contract in 113 days in the latest three months.
Do homes in Cochiti Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Cochiti Lake?
About 0.73% of a home’s value a year in Sandoval County, or roughly $2,920 on a $400,000 home.
What is the median home price in Cochiti Lake?
The median sale price was $263,886 in the three months ending August 31, 2026, about $169 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