Is Penasco, NM 87553 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Penasco 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 Penasco housing market right now

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

About the area

Taos County, NM

Population	1,260
Median income	$48,906
Average income	$70,577
Median home value	$202,700
Median rent	$1,013/month
Owner-occupied	78% of homes
Median year built	1976

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

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 87553; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87553

Prefilled for 87553Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87553Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arroyo Hondo 87513Buyer’s market $304 /sq ft Arroyo Seco 87514Buyer’s market $432 /sq ft Carson 87517Seller’s market $451 /sq ft Cerro 87519Buyer’s market $191 /sq ft Browse all markets →

Towns like Penasco nearby

Find towns like Penasco in other states →

Chimayo, NM87522 · 18 miles away80% similarpricier homes ($31K more) · larger Chamisal, NM87521 · 3 miles away69% similar11 min longer commute Alcalde, NM87511 · 20 miles away60% similarpricier homes ($35K more) · larger Hernandez, NM87537 · 25 miles away58% similarpricier homes ($47K more) · larger

Where Penasco is

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Questions about Penasco real estate

What are property taxes in Penasco?

About 0.29% of a home’s value a year in Taos County, or roughly $1,160 on a $400,000 home.

Local agents

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More tools for 87553

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 Taos County property taxes Taos 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