Is Chama, NM 87520 a buyer’s or seller’s market?
Chama is a buyer’s market. With about 11.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Chama housing market right now
In the three months ending August 31, 2026, 0% of homes in Chama, NM 87520 sold above their list price, the typical home went under contract in 176 days and there were 11.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 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 faster (405 days then) and the median sale price rose 49% to $649,719. Overall, Chama is more competitive than a year ago, so tougher for buyers.
Within Rio Arriba County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, El Rito 87530 (50% sold over asking) and Espanola 87532 (38% sold over asking) are even more competitive.
Run the numbers for 87520
Nearby markets
Abiquiu 87510Buyer’s market $209 /sq ftAlcalde 87511 — /sq ftBlanco 87412Buyer’s market $156 /sq ftCanjilon 87515 — /sq ft Browse all markets →Towns like Chama nearby
Find towns like Chama in other states →Where Chama is
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Questions about Chama real estate
Is Chama a buyer’s or seller’s market?
A buyer’s market: there were 11.5 months of supply in Chama, NM 87520 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 Chama?
The typical home went under contract in 176 days in the latest three months.
Do homes in Chama sell over asking?
0% of homes sold above their original list price.
What are property taxes in Chama?
About 0.42% of a home’s value a year in Rio Arriba County, or roughly $1,680 on a $400,000 home.
What is the median home price in Chama?
The median sale price was $649,719 in the three months ending August 31, 2026, about $266 per square foot.
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More tools for 87520
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology