Is Los Ojos, NM 87551 a buyer’s or seller’s market?
Los Ojos is a buyer’s market. With about 28.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Los Ojos housing market right now
In the three months ending August 31, 2026, 0% of homes in Los Ojos, NM 87551 sold above their list price, the typical home went under contract in 50 days and there were 28.8 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 (68 days then) and the median sale price rose 21% to $434,812. Overall, Los Ojos is more competitive than a year ago, so tougher for buyers.
Within Rio Arriba County, homes here sell faster than in 73% 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 87551
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 Los Ojos is
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Questions about Los Ojos real estate
Is Los Ojos a buyer’s or seller’s market?
A buyer’s market: there were 28.8 months of supply in Los Ojos, NM 87551 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 Los Ojos?
The typical home went under contract in 50 days in the latest three months.
Do homes in Los Ojos sell over asking?
0% of homes sold above their original list price.
What are property taxes in Los Ojos?
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 Los Ojos?
The median sale price was $434,812 in the three months ending August 31, 2026, about $223 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