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Featured local agent — Española, NM
Sarah Mitchell
Compass Real Estate · Española, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Española, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$339,000median sale price
How is the Española, NM housing market right now?
The median home sale price in Española, NM is $339,000, down 8.1% year-over-year. Homes sell in an average of 43 days with 17 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Española a buyer's or seller's market?
Española, NM is currently a buyer's market, based on 17.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
43
Average pace
Active listings
17
17.0 months supply
Sale-to-list
96.9%
Below asking
What does the Española housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $339,000 |
| Median list price | $422,000 |
| Year-over-year price change | -8.1% |
| Average days on market | 43 days |
| Active inventory | 17 listings |
| Months of supply | 17.0 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $241/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 29.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The Española housing market is currently classified as a buyer's market with a median sale price of $339,000. Prices have fallen 8.1% compared to last year, with homes spending an average of 43 days on market, indicating 17.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Española
There are currently 17 homes listed for sale in Española, New Mexico. The median listing price is $422K.
Active listings
17
Homes on market
Median list price
$422K
Avg. days on market
43
Days until sale
New this week
4
Newly listed
Who lives in Española?
Population
10,472
Median income
$47,664/yr
Median age
37.5 years
Owner-occupied
65.6%
College grads
18.4%
Avg commute
30.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Española?
Española is a community of approximately 10K residents with a median age of 37.5 years.The median household income is $47,664, which represents a working-class community with solid middle-income opportunities. 18.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Española offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Española, NM?
Want a head-to-head view? Compare Española side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Española?
The median home sale price in Española is $339,000, down 8.1% from last year.
How long do homes stay on market in Española?
Homes typically spend 43 days on market before going under contract.
What is the median income in Española?
The median household income is $47,664 per year.
Is Española a buyer's or seller's market?
With 17.0 months of supply, Española is currently a buyer's market.
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