Is Quemado, NM 87829 a buyer’s or seller’s market?
Quemado is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Quemado housing market right now
In the three months ending August 31, 2026, 0% of homes in Quemado, NM 87829 sold above their list price, the typical home went under contract in 113 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 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 (195 days then) and the median sale price rose 3% to $359,844. Overall, Quemado is more competitive than a year ago, so tougher for buyers.
Within Catron County, homes here sell more slowly than in 75% 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 87829
Nearby markets
Datil 87821Buyer’s market $210 /sq ftGlenwood 88039 — /sq ftLuna 87824Seller’s market $237 /sq ftPie Town 87827Buyer’s market $391 /sq ft Browse all markets →Where Quemado is
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Questions about Quemado real estate
Is Quemado a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Quemado, NM 87829 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 Quemado?
The typical home went under contract in 113 days in the latest three months.
Do homes in Quemado sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Quemado?
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 Quemado?
The median sale price was $359,844 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