Is Thoreau, NM 87323 a buyer’s or seller’s market?
Thoreau is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Thoreau housing market right now
In the three months ending August 31, 2026, 0% of homes in Thoreau, NM 87323 sold above their list price and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Run the numbers for 87323
Nearby markets
Continental Divide 87312 — /sq ftGallup 87301Balanced $149 /sq ftJamestown 87347 — /sq ftPrewitt 87045 — /sq ft Browse all markets →Towns like Thoreau nearby
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Questions about Thoreau real estate
Is Thoreau a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Thoreau, NM 87323 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Thoreau sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Thoreau?
About 2.00% of a home’s value a year in McKinley County, or roughly $8,000 on a $400,000 home.
What is the median home price in Thoreau?
The median sale price was $128,944 in the three months ending August 31, 2026, about $32 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