Is Miami, NM 87729 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Miami 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 Miami housing market right now

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

About the area

Colfax County, NM

Population	96
Median income	$26,250
Average income	$36,595
Owner-occupied	73% of homes
Median year built	1949

Natural hazard riskWildfire (very high), winter storms (very high), hail (moderate)

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 87729; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87729

Prefilled for 87729Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87729Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Angel Fire 87710Buyer’s market $280 /sq ft Cimarron 87714 — /sq ft Eagle Nest 87718Buyer’s market $232 /sq ft Maxwell 87728 — /sq ft Browse all markets →

Where Miami is

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Questions about Miami real estate

What are property taxes in Miami?

About 0.52% of a home’s value a year in Colfax County, or roughly $2,080 on a $400,000 home.

Local agents

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More tools for 87729

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 Colfax County property taxes Colfax 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