Is Monticello, NM 87939 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Monticello is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Monticello housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Sierra County, NM

Population	206
Average income	$85,550
Owner-occupied	100% of homes
Median year built	1992

Natural hazard riskWildfire (relatively high), winter storms (relatively high), hail (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 87939; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87939

Prefilled for 87939Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87939Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arrey 87930 — /sq ft Caballo 87931Buyer’s market $124 /sq ft Elephant Butte 87935Buyer’s market $166 /sq ft Hillsboro 88042Balanced $200 /sq ft Browse all markets →

Where Monticello is

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Questions about Monticello real estate

What are property taxes in Monticello?

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

Local agents

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More tools for 87939

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 Sierra County property taxes Sierra 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