Is Luna, NM 87824 a buyer’s or seller’s market?

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

Luna is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 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 market17Listing to accepted offer

Median price per sq ft$237

The Luna housing market right now

In the three months ending August 31, 2026, 0% of homes in Luna, NM 87824 sold above their list price, the typical home went under contract in 17 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

The median sale price was $549,762, or about $237 per square foot.

Within Catron County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

About the area

Catron County, NM

Population	152
Average income	$56,934
Owner-occupied	100% of homes
Median year built	1981

Natural hazard riskWildfire (very high), winter storms (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 87824; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87824

Prefilled for 87824Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87824Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Datil 87821Buyer’s market $210 /sq ft Glenwood 88039 — /sq ft Pie Town 87827Buyer’s market $391 /sq ft Quemado 87829Buyer’s market $250 /sq ft Browse all markets →

Where Luna is

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Questions about Luna real estate

Is Luna a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Luna, NM 87824 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 Luna?

The typical home went under contract in 17 days in the latest three months.

Do homes in Luna sell over asking?

0% of homes sold above their original list price.

What are property taxes in Luna?

About 0.36% of a home’s value a year in Catron County, or roughly $1,440 on a $400,000 home.

What is the median home price in Luna?

The median sale price was $549,762 in the three months ending August 31, 2026, about $237 per square foot.

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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 Catron County property taxes Catron 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