$104,000
10 S Cipriano
Catalpa Canyon, NM
3 bd2 ba1,440 sqft$72/ft²
House2.00 acres
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Sarah Mitchell
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Compass Real Estate · Catalpa Canyon, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Catalpa Canyon, NM(512) 555-0184TX License #0512847
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Catalpa Canyon, NM Housing Market
Leaning buyer's
Redfin, through June 2025 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $520,000 (through May 2026). With homes going under contract in about 62 days, Catalpa Canyon is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $520,000 home is about $2,776/mo in principal and interest.
Key numbers for Catalpa Canyon, NM
Median sale price
$520,000
Last published period
Redfin, through June 2025
Days on market
62
Slow-moving
Redfin, through June 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$151,250
Home costs 3.4x income
U.S. Census ACS, 2023
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 Catalpa Canyon a buyer's or seller's market?
Leaning buyer's62 days on market
Catalpa Canyon, NM is a leaning buyer's and homes selling in about 62 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 Catalpa Canyon housing market data show?
Every row below is Redfin's final published month for Catalpa Canyon, NM. Redfin, through June 2025
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median price per sq ft | $182/sq ft |
| Median days on market | 62 days |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
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 Catalpa Canyon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Catalpa Canyon 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 Catalpa Canyon home prices moved?
Across the 7 months we hold for Catalpa Canyon, NM, the median sale price rose 28.8%, from $403,750 in April 2021 to $520,000.
Redfin, through June 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Catalpa Canyon?
Priced off the median sale price of $520,000 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% | $104,000 | $416,000 | $2,776/mo |
| 5% | $26,000 | $494,000 | $3,297/mo |
Redfin, through June 2025 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 $2,776, that implies roughly $118,973 a year before you add taxes and insurance. The median household in Catalpa Canyon earns $151,250, about $32,277 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Catalpa Canyon in the next 12 months?
Tell us your timeline. We send the Catalpa Canyon 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 Catalpa Canyon?
Zillow does not publish a rent index (ZORI) for Catalpa Canyon, 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 Catalpa Canyon?
Active listings in Catalpa Canyon, NM went from 1 in April 2021 to 1 in October 2022, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| April 2021 | 1 | 1 |
| October 2022 | 1 | not published |
Redfin, through October 2022
How does Catalpa Canyon compare to New Mexico and the U.S.?
Catalpa Canyon homes sell for $520,000 — 31% above the New Mexico median of $395,500. Against the national median of $410,700, Catalpa Canyon runs 27% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Catalpa Canyon, NM | $520,000 | not published | 62 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through June 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Catalpa Canyon
What buyers should watch
- The gap between 5% and 20% down here is $521 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 $520,000 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 Catalpa Canyon listing goes under contract in 62 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Comparable ZIP-level pricing inside Catalpa Canyon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Catalpa Canyon
Explore homes currently listed for sale in Catalpa Canyon, New Mexico across major real estate platforms.
Looking to buy in Catalpa Canyon?
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How much do homes cost in Catalpa Canyon by property type?
How the Catalpa Canyon, NM market breaks down across single-family homes, condos and townhouses. Redfin, through June 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $520,000 | $182/sq ft | 1 | 62 days |
Who lives in Catalpa Canyon?
American Community Survey estimates for Catalpa Canyon. U.S. Census ACS, 2023
Population
119
Households
17
Median income
$151,250/yr
Median age
13.5 years
Owner-occupied
100.0%
100.0% of occupied homes in Catalpa Canyon are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Catalpa Canyon, NM?
Ordered by distance from Catalpa Canyon, not by size. Compare Catalpa Canyon side by side with any of them.
Catalpa Canyon housing market FAQ
Is Catalpa Canyon a buyer's or seller's market?
Catalpa Canyon, NM is currently a leaning buyer's 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 Catalpa Canyon?
The median sale price in the last month Redfin published was $520,000, about $182 per square foot.
Is Catalpa Canyon cheaper than the rest of New Mexico?
Catalpa Canyon's median sale price of $520,000 is 31% higher than the New Mexico statewide median of $395,500, and 27% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Catalpa Canyon?
Homes in Catalpa Canyon, NM spent a median of 62 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 Catalpa Canyon?
At the current 30-year fixed rate of 7.03%, 20% down on a $520,000 home is about $2,776 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $118,973 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $151,250.
Are home prices rising in Catalpa Canyon?
We do not hold a complete 12-month value series for Catalpa Canyon, 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 Catalpa Canyon?
Catalpa Canyon 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 Catalpa Canyon?
That depends on your timeline, not on a headline. What the data says today: Catalpa Canyon, NM is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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