$15,000
Serenity Dr
Chama, NM
Land23,087 sqft lot
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Compass Real Estate · Chama, NM
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Chama, NM Housing Market
Buyer's market-0.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Chama, NM is worth $320,537, fell 0.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $379,000 (through May 2026). With 7.0 months of supply and homes going under contract in about 250 days, Chama is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $320,537 home is about $1,711/mo in principal and interest.
Key numbers for Chama, NM
Typical home value
$320,537
-0.6% in 12 months
Zillow, August 2026
Median sale price
$379,000
Last published period
Redfin, through May 2026
Days on market
250
Slow-moving
Redfin, through May 2026
Active listings
7
7.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Zillow figures are as of August 2026 and 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 Chama a buyer's or seller's market?
Buyer's market7.0 months of supply250 days on market
Chama, NM is a buyer's market, based on 7.0 months of supply and homes selling in about 250 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Chama housing market data show?
Every row below is Redfin's final published month for Chama, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $379,000 |
| Median list price | $279,500 |
| Median price per sq ft | $199/sq ft |
| Median days on market | 250 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 4 |
| Listings with a price cut | 14.3% |
| 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 Chama is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Chama 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 Chama home prices moved?
Across the 36 months we hold for Chama, NM, the median sale price fell 35.8%, from $590,250 in May 2021 to $379,000. The live Zillow value series has fell 0.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Chama listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Chama?
Priced off the typical home value of $320,537 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% | $64,107 | $256,430 | $1,711/mo |
| 5% | $16,027 | $304,510 | $2,032/mo |
Zillow, August 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 $1,711, that implies roughly $73,337 a year before you add taxes and insurance. We do not hold a Census income figure for Chama, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Chama in the next 12 months?
Tell us your timeline. We send the Chama 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 Chama?
Zillow does not publish a rent index (ZORI) for Chama, 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 Chama?
Active listings in Chama, NM went from 6 in April 2024 to 7 in May 2026, a +16.7% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2024 | 3 | 1 |
| July 2024 | 5 | 2 |
| August 2024 | 7 | 4 |
| October 2024 | 6 | 1 |
| November 2024 | 6 | 1 |
| January 2025 | 7 | 2 |
| April 2025 | 6 | 1 |
| August 2025 | 8 | 1 |
| October 2025 | 7 | not published |
| January 2026 | 4 | 1 |
| March 2026 | 4 | not published |
| May 2026 | 7 | 4 |
Redfin, through May 2026
How does Chama compare to New Mexico and the U.S.?
Chama homes sell for $379,000 — 4% below the New Mexico median of $395,500. Against the national median of $410,700, Chama runs 8% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Chama, NM | $379,000 | not published | 250 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Chama
What buyers should watch
- Months of supply, currently 7.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $321 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 $320,537 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 Chama listing goes under contract in 250 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Chama added 4 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Chama varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Chama
There are currently 7 homes listed for sale in Chama, New Mexico. The median listing price is $280K. Featured listings range from $15,000 to $1,595,000.
$50,000
29 and 30 Brazos Lodge Estates Dr
Chama, NM
Land33,977 sqft lot
View photos & details
$119,900
Vega View Rd
Chama, NM
Land8.01 acres
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$145,000
9 Red Rock
Chama, NM
Land6.67 acres
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$150,000
1000 N Nmsr 17 Rd
Chama, NM
Land1.00 acres
View photos & details
$199,000
64 Pd 1783C Rd
Chama, NM
Land7.01 acres
View photos & details
$234,900
11 Cielo Azul
Chama, NM
2 bd1 ba728 sqft$323/ft²
House29,185 sqft lot
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$249,500
698 Cedar Ave
Chama, NM
4 bd2 ba1,620 sqft$154/ft²
House15,246 sqft lot
View photos & details
$275,000
15903 US Highway 64/84
Chama, NM
3 bd2 ba1,280 sqft$215/ft²
House1.50 acres
View photos & details
$295,000
101 Oak Meadow Dr
Chama, NM
1 bd1 ba850 sqft$347/ft²
House5.09 acres
View photos & details
$675,000
4189 Choke Cherry Dr
Chama, NM
4 bd2 ba2,906 sqft$232/ft²
House4.35 acres
View photos & details
$1,595,000
16853 # Us84 # US84
Chama, NM
Land270.00 acres
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Looking to buy in Chama?
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Active listings
7
Homes on market
Median list price
$280K
Avg. days on market
250
Days until sale
New this week
4
Newly listed
Price drops:14.3%of listings
How much do homes cost in Chama by property type?
How the Chama, NM market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $379,000 | $199/sq ft | 1 | 250 days |
Who lives in Chama?
American Community Survey estimates for Chama. U.S. Census ACS, 2023
Population
748
Households
410
Median age
60.5 years
Owner-occupied
75.4%
Median home value
$194,300
Median gross rent
$529/mo
Mean commute
10.9 min
75.4% of occupied homes in Chama 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. The Census self-reported median home value is $194,300 against Zillow's $320,537 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Chama?
2 schools tracked · 55 students
The largest public schools serving Chama, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CHAMA ELEMENTARY
Grades PK-5 · 55 students
CHAMA MIDDLE
Grades 6-8
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chama, NM?
Ordered by distance from Chama, not by size. Compare Chama side by side with any of them.
Chama housing market FAQ
Is Chama a buyer's or seller's market?
Chama, NM is currently a buyer's market. That read comes from 7.0 months of supply, homes going under contract in about 250 days in the last month Redfin published (May 2026).
How much do homes cost in Chama?
The typical home in Chama, NM is worth $320,537 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $379,000, about $199 per square foot.
Is Chama cheaper than the rest of New Mexico?
Chama's median sale price of $379,000 is 4% lower than the New Mexico statewide median of $395,500, and 8% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Chama?
Homes in Chama, NM spent a median of 250 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 Chama?
At the current 30-year fixed rate of 7.03%, 20% down on a $320,537 home is about $1,711 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $73,337 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Chama?
The typical home value in Chama, NM fell 0.6% over the last 12 months, from $322,422 to $320,537 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Chama?
Chama 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 Chama?
That depends on your timeline, not on a headline. What the data says today: Chama, NM is a buyer's market with 7.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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