Is Reserve, NM 87830 a buyer’s or seller’s market?
Reserve is a seller’s market. With about 1.6 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.
The Reserve housing market right now
In the three months ending August 31, 2026, 0% of homes in Reserve, NM 87830 sold above their list price, the typical home went under contract in 180 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Within Catron County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
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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 Reserve is
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Questions about Reserve real estate
Is Reserve a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Reserve, NM 87830 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 Reserve?
The typical home went under contract in 180 days in the latest three months.
Do homes in Reserve sell over asking?
0% of homes sold above their original list price.
What are property taxes in Reserve?
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 Reserve?
The median sale price was $314,114 in the three months ending August 31, 2026, about $136 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