Is Red River, NM 87558 a buyer’s or seller’s market?
Red River is a buyer’s market. With about 9.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Red River housing market right now
In the three months ending August 31, 2026, 0% of homes in Red River, NM 87558 sold above their list price, the typical home went under contract in 41 days and there were 9.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, 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 (62 days then) and the median sale price fell 31% to $179,922. Overall, Red River is more competitive than a year ago, so tougher for buyers.
Within Taos County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Run the numbers for 87558
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 Red River nearby
Find towns like Red River in other states →Where Red River is
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Questions about Red River real estate
Is Red River a buyer’s or seller’s market?
A buyer’s market: there were 9.2 months of supply in Red River, NM 87558 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 Red River?
The typical home went under contract in 41 days in the latest three months.
Do homes in Red River sell over asking?
0% of homes sold above their original list price.
What are property taxes in Red River?
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 Red River?
The median sale price was $179,922 in the three months ending August 31, 2026, about $250 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