Is Hondo, NM 88336 a buyer’s or seller’s market?
Hondo is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hondo housing market right now
In the three months ending August 31, 2026, 0% of homes in Hondo, NM 88336 sold above their list price, the typical home went under contract in 58 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Lincoln County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Run the numbers for 88336
Nearby markets
Alto 88312Buyer’s market $297 /sq ftCapitan 88316Buyer’s market $299 /sq ftCarrizozo 88301Buyer’s market $171 /sq ftCorona 88318 — /sq ft Browse all markets →Where Hondo is
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Questions about Hondo real estate
Is Hondo a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Hondo, NM 88336 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 Hondo?
The typical home went under contract in 58 days in the latest three months.
Do homes in Hondo sell over asking?
0% of homes sold above their original list price.
What are property taxes in Hondo?
About 0.53% of a home’s value a year in Lincoln County, or roughly $2,120 on a $400,000 home.
What is the median home price in Hondo?
The median sale price was $108,953 in the three months ending August 31, 2026, about $87 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