Is Rodeo, NM 88056 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Rodeo 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 Rodeo housing market right now

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

About the area

Hidalgo County, NM

Population	141
Median income	$68,010
Average income	$53,694
Median home value	$119,900
Owner-occupied	100% of homes
Median year built	2000
Walkability	6.0 of 20Below average

Natural hazard riskWildfire (relatively high), extreme heat (relatively high), winter storms (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 88056; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 88056

Prefilled for 88056Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88056Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Animas 88020 $88 /sq ft Lordsburg 88045Seller’s market $77 /sq ft Browse all markets →

Where Rodeo is

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Questions about Rodeo real estate

What are property taxes in Rodeo?

About 0.48% of a home’s value a year in Hidalgo County, or roughly $1,920 on a $400,000 home.

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More tools for 88056

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 Hidalgo County property taxes Hidalgo 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