Is Sacramento, NM 88347 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Sacramento 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.

Months of supply6.4Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market334Listing to accepted offer

Median price per sq ft$140

The Sacramento housing market right now

In the three months ending August 31, 2026, 0% of homes in Sacramento, NM 88347 sold above their list price, the typical home went under contract in 334 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 Otero County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Chaparral 88081 (8% sold over asking) is even more competitive.

About the area

Otero County, NM

Population	246
Owner-occupied	0% of homes
Median year built	1984
Walkability	3.0 of 20Least walkable

Natural hazard riskWildfire (very high), winter storms (very high), 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 88347; 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 88347

Prefilled for 88347Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88347Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alamogordo 88310Seller’s market $161 /sq ft Bent 88314 — /sq ft Chaparral 88081Balanced $187 /sq ft Cloudcroft 88317Buyer’s market $237 /sq ft Browse all markets →

Where Sacramento is

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Questions about Sacramento real estate

Is Sacramento a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Sacramento, NM 88347 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 Sacramento?

The typical home went under contract in 334 days in the latest three months.

Do homes in Sacramento sell over asking?

0% of homes sold above their original list price.

What are property taxes in Sacramento?

About 0.55% of a home’s value a year in Otero County, or roughly $2,200 on a $400,000 home.

What is the median home price in Sacramento?

The median sale price was $223,903 in the three months ending August 31, 2026, about $140 per square foot.

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More tools for 88347

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 Otero County property taxes Otero 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