Is Columbus, NM 88029 a buyer’s or seller’s market?
Columbus is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Columbus housing market right now
In the three months ending August 31, 2026, 0% of homes in Columbus, NM 88029 sold above their list price, the typical home went under contract in 224 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
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Questions about Columbus real estate
Is Columbus a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Columbus, NM 88029 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 Columbus?
The typical home went under contract in 224 days in the latest three months.
Do homes in Columbus sell over asking?
0% of homes sold above their original list price.
What are property taxes in Columbus?
About 0.54% of a home’s value a year in Luna County, or roughly $2,160 on a $400,000 home.
What is the median home price in Columbus?
The median sale price was $86,962 in the three months ending August 31, 2026, about $56 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