Is Hagerman, NM 88232 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Hagerman 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 Hagerman housing market right now

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

About the area

Chaves County, NM

Population	2,838
Median income	$65,000
Average income	$78,590
Median home value	$134,700
Median rent	$703/month
Owner-occupied	86% of homes
Median year built	1984
Walkability	5.7 of 20Least walkable

Natural hazard riskWinter storms (relatively high), wildfire (moderate), extreme heat (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 88232; 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 88232

Prefilled for 88232Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88232Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dexter 88230Buyer’s market $117 /sq ft Hope 88250 — /sq ft Lake Arthur 88253 — /sq ft Mayhill 88339Buyer’s market $198 /sq ft Browse all markets →

Towns like Hagerman nearby

Find towns like Hagerman in other states →

Dexter, NM88230 · 7 miles away66% similarcheaper homes ($30K less) · larger Artesia, NM88210 · 19 miles away51% similarpricier homes ($89K more) · larger Roswell, NM88201 · 37 miles away43% similarpricier homes ($90K more) · larger Roswell, NM88203 · 22 miles away34% similarlarger · 10 min shorter commute

Where Hagerman is

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Questions about Hagerman real estate

What are property taxes in Hagerman?

About 0.60% of a home’s value a year in Chaves County, or roughly $2,400 on a $400,000 home.

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More tools for 88232

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 Chaves County property taxes Chaves 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