Is San Patricio, NM 88348 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

San Patricio 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 San Patricio housing market right now

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

About the area

Lincoln County, NM

Population	279
Median income	$86,985
Average income	$90,354
Median home value	$343,100
Owner-occupied	100% of homes
Median year built	1972

Natural hazard riskWildfire (relatively high), winter storms (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 88348; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 88348

Prefilled for 88348Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88348Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alto 88312Buyer’s market $297 /sq ft Capitan 88316Buyer’s market $299 /sq ft Carrizozo 88301Buyer’s market $171 /sq ft Corona 88318 — /sq ft Browse all markets →

Where San Patricio is

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Questions about San Patricio real estate

What are property taxes in San Patricio?

About 0.53% of a home’s value a year in Lincoln County, or roughly $2,120 on a $400,000 home.

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More tools for 88348

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 Lincoln County property taxes Lincoln 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