Is Tucumcari, NM 88401 a buyer’s or seller’s market?
Tucumcari is a buyer’s market. With about 44.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Tucumcari housing market right now
In the three months ending August 31, 2026, 0% of homes in Tucumcari, NM 88401 sold above their list price, the typical home went under contract in 77 days and there were 44.8 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.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (39 days then) and the median sale price rose 47% to $198,914. Overall, Tucumcari is less competitive than a year ago, which gives buyers more room.
Run the numbers for 88401
Where Tucumcari is
Loading map…
Questions about Tucumcari real estate
Is Tucumcari a buyer’s or seller’s market?
A buyer’s market: there were 44.8 months of supply in Tucumcari, NM 88401 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 Tucumcari?
The typical home went under contract in 77 days in the latest three months.
Do homes in Tucumcari sell over asking?
0% of homes sold above their original list price.
What are property taxes in Tucumcari?
About 0.61% of a home’s value a year in Quay County, or roughly $2,440 on a $400,000 home.
What is the median home price in Tucumcari?
The median sale price was $198,914 in the three months ending August 31, 2026, about $103 per square foot.
Local agents
See all agents in 88401 →No sponsored agents in 88401 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 88401
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology