Is Cerro, NM 87519 a buyer’s or seller’s market?
Cerro is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cerro housing market right now
In the three months ending August 31, 2026, 0% of homes in Cerro, NM 87519 sold above their list price, the typical home went under contract in 136 days and there were 6.4 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.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (521 days then) and the median sale price rose 6% to $379,836. Overall, Cerro is more competitive than a year ago, so tougher for buyers.
Within Taos County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 87519
Nearby markets
Arroyo Hondo 87513Buyer’s market $304 /sq ftArroyo Seco 87514Buyer’s market $432 /sq ftCarson 87517Seller’s market $451 /sq ftCostilla 87524 — /sq ft Browse all markets →Where Cerro is
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Questions about Cerro real estate
Is Cerro a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Cerro, NM 87519 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 Cerro?
The typical home went under contract in 136 days in the latest three months.
Do homes in Cerro sell over asking?
0% of homes sold above their original list price.
What are property taxes in Cerro?
About 0.29% of a home’s value a year in Taos County, or roughly $1,160 on a $400,000 home.
What is the median home price in Cerro?
The median sale price was $379,836 in the three months ending August 31, 2026, about $191 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