$125,000
14 Morada Rd
Bibo, NM
4 bd4 ba2,170 sqft$58/ft²
House3.25 acres
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Sarah Mitchell
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Compass Real Estate · Bibo, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Bibo, NM(512) 555-0184TX License #0512847
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Bibo, NM Housing Market
Buyer's market
Redfin, through April 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $110,000 (through May 2026). With homes going under contract in about 268 days, Bibo is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $110,000 home is about $587/mo in principal and interest.
Key numbers for Bibo, NM
Median sale price
$110,000
Last published period
Redfin, through April 2026
Days on market
268
Slow-moving
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
88.0%
Selling below asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Bibo a buyer's or seller's market?
Buyer's market268 days on market88.0% of asking
Bibo, NM is a buyer's market and homes selling in about 268 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Bibo housing market data show?
Every row below is Redfin's final published month for Bibo, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $110,000 |
| Median price per sq ft | $51/sq ft |
| Median days on market | 268 days |
| Sale-to-list price ratio | 88.0% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Bibo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Bibo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Bibo home prices moved?
We hold fewer than three months of sale history for Bibo, NM, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Bibo?
Priced off the median sale price of $110,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $22,000 | $88,000 | $587/mo |
| 5% | $5,500 | $104,500 | $697/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $587, that implies roughly $25,167 a year before you add taxes and insurance. We do not hold a Census income figure for Bibo, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Bibo in the next 12 months?
Tell us your timeline. We send the Bibo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Bibo?
Zillow does not publish a rent index (ZORI) for Bibo, NM, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Bibo?
We hold fewer than two months of inventory readings for Bibo, NM, so there is no trend to report yet.
How does Bibo compare to New Mexico and the U.S.?
Bibo homes sell for $110,000 — 72% below the New Mexico median of $395,500. Against the national median of $410,700, Bibo runs 73% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Bibo, NM | $110,000 | not published | 268 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Bibo
What buyers should watch
- The gap between 5% and 20% down here is $110 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $110,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Bibo listing goes under contract in 268 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 88.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Bibo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Bibo
Explore homes currently listed for sale in Bibo, New Mexico across major real estate platforms.
Looking to buy in Bibo?
Get connected with a local real estate expert — free, no obligation.
Sale-to-list:88.0%
How much do homes cost in Bibo by property type?
How the Bibo, NM market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $110,000 | $51/sq ft | 1 | 268 days |
Who lives in Bibo?
American Community Survey estimates for Bibo. U.S. Census ACS, 2023
Population
0
Households
0
Which cities are near Bibo, NM?
Ordered by distance from Bibo, not by size. Compare Bibo side by side with any of them.
Bibo housing market FAQ
Is Bibo a buyer's or seller's market?
Bibo, NM is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Bibo?
The median sale price in the last month Redfin published was $110,000, about $51 per square foot.
Is Bibo cheaper than the rest of New Mexico?
Bibo's median sale price of $110,000 is 72% lower than the New Mexico statewide median of $395,500, and 73% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Bibo?
Homes in Bibo, NM spent a median of 268 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Bibo?
At the current 30-year fixed rate of 7.03%, 20% down on a $110,000 home is about $587 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $25,167 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Bibo?
We do not hold a complete 12-month value series for Bibo, NM yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Bibo?
Bibo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Bibo?
That depends on your timeline, not on a headline. What the data says today: Bibo, NM is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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