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Is Raton, NM 87740 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Raton is a buyer’s market. With about 6.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market59Listing to accepted offer
Median price per sq ft$114▼ −16.9% vs. last year

The Raton housing market right now

In the three months ending August 31, 2026, 0% of homes in Raton, NM 87740 sold above their list price, the typical home went under contract in 59 days and there were 6.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (46 days then) and the median sale price rose 19% to $188,918. Overall, Raton is less competitive than a year ago, which gives buyers more room.

Run the numbers for 87740

Prefilled for 87740Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87740Over-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 ftCimarron 87714 — /sq ftEagle Nest 87718Buyer’s market $232 /sq ftMaxwell 87728 — /sq ft Browse all markets →

Towns like Raton nearby

Find towns like Raton in other states →
Trinidad, CO81082 · 26 miles away86% similarpricier homes ($92K more) · larger Springer, NM87747 · 37 miles away41% similarcheaper homes ($34K less) · smaller Weston, CO81091 · 29 miles away35% similarpricier homes ($199K more) · smaller

Where Raton is

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Questions about Raton real estate

Is Raton a buyer’s or seller’s market?

A buyer’s market: there were 6.6 months of supply in Raton, NM 87740 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 Raton?

The typical home went under contract in 59 days in the latest three months.

Do homes in Raton sell over asking?

0% of homes sold above their original list price.

What are property taxes in Raton?

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

What is the median home price in Raton?

The median sale price was $188,918 in the three months ending August 31, 2026, about $114 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