$17,760
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Chaparral, NM
Land1.48 acres
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Sarah Mitchell
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Compass Real Estate · Chaparral, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Chaparral, NM(512) 555-0184TX License #0512847
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Chaparral, NM Housing Market
Balanced market+2.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through April 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Chaparral, NM is worth $228,579, rose 2.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $347,827, +93.2% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 276 days, Chaparral is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $228,579 home is about $1,220/mo in principal and interest.
Key numbers for Chaparral, NM
Typical home value
$228,579
+2.6% in 12 months
Zillow, August 2026
Median sale price
$347,827
+93.2% year over year
Redfin, through April 2026
Days on market
276
Slow-moving
Redfin, through April 2026
Active listings
6
1.5 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$46,102
Home costs 5.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.1%
Selling below asking
Redfin, through April 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 Chaparral a buyer's or seller's market?
Balanced market1.5 months of supply276 days on market95.1% of asking
Chaparral, NM is a balanced market, based on 1.5 months of supply and homes selling in about 276 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Chaparral housing market data show?
Every row below is Redfin's final published month for Chaparral, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $347,827 |
| Year-over-year price change | +93.2% |
| Median price per sq ft | $158/sq ft |
| Median days on market | 276 days |
| Active inventory | 6 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 95.1% |
| Homes sold (that month) | 4 |
| Market condition | Balanced 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 Chaparral is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Chaparral 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 Chaparral home prices moved?
Over the last three years the median sale price in Chaparral, NM fell 7.2%, from $375,000 to $347,827. The live Zillow value series has rose 2.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 95.1%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Chaparral?
Priced off the typical home value of $228,579 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% | $45,716 | $182,864 | $1,220/mo |
| 5% | $11,429 | $217,150 | $1,449/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 $1,220, that implies roughly $52,298 a year before you add taxes and insurance. The median household in Chaparral earns $46,102, about $6,196 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Chaparral in the next 12 months?
Tell us your timeline. We send the Chaparral 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 Chaparral?
Zillow does not publish a rent index (ZORI) for Chaparral, 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 Chaparral?
Active listings in Chaparral, NM went from 11 in December 2024 to 6 in April 2026, a -45.5% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2025 | 10 | 2 |
| February 2025 | 15 | 5 |
| March 2025 | 13 | 3 |
| April 2025 | 14 | 2 |
| May 2025 | 12 | not published |
| June 2025 | 11 | not published |
| July 2025 | 10 | 1 |
| August 2025 | 11 | 3 |
| September 2025 | 8 | not published |
| October 2025 | 6 | not published |
| March 2026 | 7 | 3 |
| April 2026 | 6 | not published |
Redfin, through April 2026
How does Chaparral compare to New Mexico and the U.S.?
Chaparral homes sell for $347,827 — 12% below the New Mexico median of $395,500. Against the national median of $410,700, Chaparral runs 15% lower. Year-over-year, Chaparral moved +93.2% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Chaparral, NM | $347,827 | +93.2% | 276 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 Chaparral
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $229 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 $228,579 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 Chaparral listing goes under contract in 276 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 95.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +2.6% 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 Chaparral varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Chaparral
There are currently 6 homes listed for sale in Chaparral, New Mexico. Featured listings range from $17,760 to $467,000.
$24,000
Street
Chaparral, NM
Land2.00 acres
View photos & details
$105,000
608 Paseo Real Dr
Chaparral, NM
Land2.00 acres
View photos & details
$110,000
609 Paseo Real Dr
Chaparral, NM
Land2.13 acres
View photos & details
$132,120
Street
Chaparral, NM
Land11.01 acres
View photos & details
$165,000
1388 Sahara Desert Dr
Chaparral, NM
5 bd3 ba2,108 sqft$78/ft²
Mobile home1.01 acres
View photos & details
$285,000
1340 Thar Desert Dr
Chaparral, NM
4 bd2 ba1,515 sqft$188/ft²
House1.01 acres
View photos & details
$303,950
653 Yuma Desert
Chaparral, NM
3 bd2 ba1,598 sqft$190/ft²
House1.00 acres
View photos & details
$307,950
661 Yuma Desert
Chaparral, NM
4 bd2 ba1,617 sqft$190/ft²
House1.00 acres
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$307,950
652 Yuma Desert
Chaparral, NM
4 bd2 ba1,617 sqft$190/ft²
House1.00 acres
View photos & details
$309,950
660 Yuma Desert
Chaparral, NM
3 bd2 ba1,629 sqft$190/ft²
House1.00 acres
View photos & details
$467,000
1455 San Carlos St
Chaparral, NM
Land38.89 acres
View photos & details
Looking to buy in Chaparral?
Get connected with a local real estate expert — free, no obligation.
Active listings
6
Homes on market
Avg. days on market
276
Days until sale
Sale-to-list:95.1%
How much do homes cost in Chaparral by property type?
How the Chaparral, 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 | $347,827 | $158/sq ft | 4 | 276 days |
Who lives in Chaparral?
American Community Survey estimates for Chaparral. U.S. Census ACS, 2023
Population
16,642
Households
4,758
Median income
$46,102/yr
Median age
31.2 years
Owner-occupied
66.4%
Median home value
$101,900
Median gross rent
$874/mo
Mean commute
32.8 min
66.4% of occupied homes in Chaparral 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 $101,900 against Zillow's $228,579 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Chaparral?
4 schools tracked · 1,441 students
The largest public schools serving Chaparral, 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.
CHAPARRAL MIDDLE
Grades 7-8 · 545 students
DESERT TRAIL ELEMENTARY
Grades K-6 · 467 students
CHAPARRAL ELEMENTARY
Grades PK-6 · 429 students
OTERO COUNTY PRISON
Grades 8-12
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 Chaparral, NM?
Ordered by distance from Chaparral, not by size. Compare Chaparral side by side with any of them.
Chaparral housing market FAQ
Is Chaparral a buyer's or seller's market?
Chaparral, NM is currently a balanced market. That read comes from 1.5 months of supply, homes going under contract in about 276 days, and sellers getting 95.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Chaparral?
The typical home in Chaparral, NM is worth $228,579 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $347,827, about $158 per square foot.
Is Chaparral cheaper than the rest of New Mexico?
Chaparral's median sale price of $347,827 is 12% lower than the New Mexico statewide median of $395,500, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Chaparral?
Homes in Chaparral, NM spent a median of 276 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 Chaparral?
At the current 30-year fixed rate of 7.03%, 20% down on a $228,579 home is about $1,220 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $52,298 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $46,102.
Are home prices rising in Chaparral?
The typical home value in Chaparral, NM rose 2.6% over the last 12 months, from $222,683 to $228,579 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Chaparral?
Chaparral 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 Chaparral?
That depends on your timeline, not on a headline. What the data says today: Chaparral, NM is a balanced market with 1.5 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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