Is Pie Town, NM 87827 a buyer’s or seller’s market?
Pie Town is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pie Town housing market right now
In the three months ending August 31, 2026, 0% of homes in Pie Town, NM 87827 sold above their list price, the typical home went under contract in 65 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 (250 days then) and the median sale price rose 108% to $249,892. Overall, Pie Town is more competitive than a year ago, so tougher for buyers.
Within Catron County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 87827
Nearby markets
Datil 87821Buyer’s market $210 /sq ftGlenwood 88039 — /sq ftLuna 87824Seller’s market $237 /sq ftQuemado 87829Buyer’s market $250 /sq ft Browse all markets →Where Pie Town is
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Questions about Pie Town real estate
Is Pie Town a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Pie Town, NM 87827 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 Pie Town?
The typical home went under contract in 65 days in the latest three months.
Do homes in Pie Town sell over asking?
0% of homes sold above their original list price.
What are property taxes in Pie Town?
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 Pie Town?
The median sale price was $249,892 in the three months ending August 31, 2026, about $391 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