Is Ojo Caliente, NM 87549 a buyer’s or seller’s market?
Ojo Caliente is a seller’s market. With about 2.4 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Ojo Caliente housing market right now
In the three months ending August 31, 2026, 25% of homes in Ojo Caliente, NM 87549 sold above their list price, the typical home went under contract in 64 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Within Rio Arriba County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 82%.
Nearby, buyers who want less competition could look at Velarde 87582 (0% sold over asking) or Los Ojos 87551 (0% sold over asking), while El Rito 87530 (50% sold over asking) and Espanola 87532 (38% sold over asking) are even more competitive.
Run the numbers for 87549
Nearby markets
Abiquiu 87510Buyer’s market $209 /sq ftAlcalde 87511 — /sq ftBlanco 87412Buyer’s market $156 /sq ftCanjilon 87515 — /sq ft Browse all markets →Where Ojo Caliente is
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Questions about Ojo Caliente real estate
Is Ojo Caliente a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Ojo Caliente, NM 87549 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 Ojo Caliente?
The typical home went under contract in 64 days in the latest three months.
Do homes in Ojo Caliente sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Ojo Caliente?
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 Ojo Caliente?
The median sale price was $468,636 in the three months ending August 31, 2026, about $299 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