Is Hope, NM 88250 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Hope 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 Hope housing market right now

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

About the area

Chaves County, NM

Population	153
Median income	$83,250
Average income	$92,030
Owner-occupied	100% of homes
Median year built	1955

Natural hazard riskWinter storms (very high), wildfire (relatively high), extreme heat (relatively 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 88250; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 88250

Prefilled for 88250Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88250Over-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 Hagerman 88232 — /sq ft Lake Arthur 88253 — /sq ft Mayhill 88339Buyer’s market $198 /sq ft Browse all markets →

Where Hope is

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Questions about Hope real estate

What are property taxes in Hope?

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

Local agents

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More tools for 88250

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