Is Pep, NM 88126 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Pep 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 Pep housing market right now

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

About the area

Roosevelt County, NM

Population	7
Owner-occupied	100% of homes
Median year built	1959

Natural hazard riskWildfire (very high), winter storms (very high), hail (very high)

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 88126; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 88126

Prefilled for 88126Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88126Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Elida 88116 $70 /sq ft Portales 88130Seller’s market $112 /sq ft Browse all markets →

Where Pep is

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Questions about Pep real estate

What are property taxes in Pep?

About 0.45% of a home’s value a year in Roosevelt County, or roughly $1,800 on a $400,000 home.

Local agents

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More tools for 88126

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 Roosevelt County property taxes Roosevelt 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