Is El Prado, NM 87529 a buyer’s or seller’s market?
El Prado is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 6% of U.S. ZIP codes, and #48 of 51 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The El Prado housing market right now
In the three months ending August 31, 2026, 0% of homes in El Prado, NM 87529 sold above their list price, the typical home went under contract in 87 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (90 days then) and the median sale price fell 11% to $624,730. Overall, El Prado is about as competitive as it was a year ago.
Within Taos County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, El Prado ranks #48 of 51 NM ZIP codes with enough sales (score 12 out of 100).
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Nearby markets
Arroyo Hondo 87513Buyer’s market $304 /sq ftArroyo Seco 87514Buyer’s market $432 /sq ftCarson 87517Seller’s market $451 /sq ftCerro 87519Buyer’s market $191 /sq ft Browse all markets →Towns like El Prado nearby
Find towns like El Prado in other states →Where El Prado is
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Questions about El Prado real estate
Is El Prado a buyer’s or seller’s market?
A buyer’s market: there were 7.5 months of supply in El Prado, NM 87529 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 El Prado?
The typical home went under contract in 87 days in the latest three months.
Do homes in El Prado sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in El Prado?
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 El Prado?
The median sale price was $624,730 in the three months ending August 31, 2026, about $336 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