Is Cordova, NM 87523 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cordova 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 Cordova housing market right now

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

About the area

Rio Arriba County, NM

Population	389
Median income	$23,395
Average income	$26,994
Owner-occupied	100% of homes
Median year built	1968
Walkability	3.4 of 20Least walkable

Natural hazard riskWildfire (relatively high), winter storms (moderate)

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 87523; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 87523

Prefilled for 87523Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87523Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Abiquiu 87510Buyer’s market $209 /sq ft Alcalde 87511 — /sq ft Blanco 87412Buyer’s market $156 /sq ft Canjilon 87515 — /sq ft Browse all markets →

Where Cordova is

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Questions about Cordova real estate

What are property taxes in Cordova?

About 0.42% of a home’s value a year in Rio Arriba County, or roughly $1,680 on a $400,000 home.

Local agents

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More tools for 87523

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 Rio Arriba County property taxes Rio Arriba 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