Is Conchas Dam, NM 88416 a buyer’s or seller’s market?
Conchas Dam is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Conchas Dam housing market right now
In the three months ending August 31, 2026, 0% of homes in Conchas Dam, NM 88416 sold above their list price, the typical home went under contract in 99 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, 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 faster (128 days then) and the median sale price fell 55% to $166,928. Overall, Conchas Dam is more competitive than a year ago, so tougher for buyers.
Within San Miguel County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Las Vegas 87701 (8% sold over asking) is even more competitive.
Run the numbers for 88416
Nearby markets
Ilfeld 87538Seller’s market $207 /sq ftLas Vegas 87701Balanced $147 /sq ftMontezuma 87731Buyer’s market $438 /sq ftPecos 87552Buyer’s market $976 /sq ft Browse all markets →Where Conchas Dam is
Loading map…
Questions about Conchas Dam real estate
Is Conchas Dam a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Conchas Dam, NM 88416 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 Conchas Dam?
The typical home went under contract in 99 days in the latest three months.
Do homes in Conchas Dam sell over asking?
0% of homes sold above their original list price.
What are property taxes in Conchas Dam?
About 0.57% of a home’s value a year in San Miguel County, or roughly $2,280 on a $400,000 home.
What is the median home price in Conchas Dam?
The median sale price was $166,928 in the three months ending August 31, 2026, about $128 per square foot.
Local agents
See all agents in 88416 →No sponsored agents in 88416 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 88416
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology