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Featured local agent — Little Walnut Village, NM
Sarah Mitchell
Compass Real Estate · Little Walnut Village, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Little Walnut Village, NM Housing Market
The last median sale price Redfin published was $425,900 (through May 2026). With 4.0 months of supply and homes going under contract in about 164 days, Little Walnut Village is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $425,900 home is about $2,274/mo in principal and interest.
Key numbers for Little Walnut Village, NM
Median sale price
$425,900
Last published period
Redfin, through April 2026
Days on market
164
Slow-moving
Redfin, through April 2026
Active listings
12
4.0 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
$100,170
Home costs 4.3x 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 Little Walnut Village a buyer's or seller's market?
Little Walnut Village, NM is a leaning buyer's, based on 4.0 months of supply and homes selling in about 164 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Little Walnut Village housing market data show?
Every row below is Redfin's final published month for Little Walnut Village, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $425,900 |
| Median list price | $459,900 |
| Median price per sq ft | $209/sq ft |
| Median days on market | 164 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Homes sold (that month) | 3 |
| New listings (that month) | 1 |
| Listings with a price cut | 33.3% |
| 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 Little Walnut Village is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Little Walnut Village 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 Little Walnut Village home prices moved?
Over the last three years the median sale price in Little Walnut Village, NM fell 14.6%, from $499,000 to $425,900. 33.3% of Little Walnut Village listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
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 Little Walnut Village?
Priced off the median sale price of $425,900 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% | $85,180 | $340,720 | $2,274/mo |
| 5% | $21,295 | $404,605 | $2,700/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 $2,274, that implies roughly $97,444 a year before you add taxes and insurance. The median household in Little Walnut Village earns $100,170, about $2,726 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 4.3x — 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 Little Walnut Village in the next 12 months?
Tell us your timeline. We send the Little Walnut Village 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 Little Walnut Village?
Zillow does not publish a rent index (ZORI) for Little Walnut Village, 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 Little Walnut Village?
Active listings in Little Walnut Village, NM went from 10 in December 2024 to 12 in April 2026, a +20.0% 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 |
|---|---|---|
| February 2025 | 14 | 2 |
| May 2025 | 11 | 3 |
| June 2025 | 10 | 3 |
| July 2025 | 11 | 2 |
| August 2025 | 16 | 5 |
| September 2025 | 15 | 2 |
| October 2025 | 15 | 2 |
| November 2025 | 11 | 2 |
| December 2025 | 9 | 1 |
| January 2026 | 11 | 4 |
| March 2026 | 12 | 2 |
| April 2026 | 12 | 1 |
Redfin, through April 2026
How does Little Walnut Village compare to New Mexico and the U.S.?
Little Walnut Village homes sell for $425,900 — 8% above the New Mexico median of $395,500. Against the national median of $410,700, Little Walnut Village runs 4% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Little Walnut Village, NM | $425,900 | not published | 164 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 Little Walnut Village
What buyers should watch
- Months of supply, currently 4.0. 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 33.3%. 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 $426 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 $425,900 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 Little Walnut Village listing goes under contract in 164 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 Little Walnut Village added 1 new listings against 3 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Little Walnut Village varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Little Walnut Village
There are currently 12 homes listed for sale in Little Walnut Village, New Mexico. The median listing price is $460K.
Active listings
12
Homes on market
Median list price
$460K
Avg. days on market
164
Days until sale
New this week
1
Newly listed
How much do homes cost in Little Walnut Village by property type?
How the Little Walnut Village, 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 | $425,900 | $209/sq ft | 3 | 164 days |
Who lives in Little Walnut Village?
American Community Survey estimates for Little Walnut Village. U.S. Census ACS, 2023
Population
1,520
Households
687
Median income
$100,170/yr
Median age
59.5 years
Owner-occupied
89.8%
Median home value
$278,600
Mean commute
15.7 min
89.8% of occupied homes in Little Walnut Village 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 Little Walnut Village, NM?
Ordered by distance from Little Walnut Village, not by size. Compare Little Walnut Village side by side with any of them.
Little Walnut Village housing market FAQ
Is Little Walnut Village a buyer's or seller's market?
Little Walnut Village, NM is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 164 days in the last month Redfin published (May 2026).
How much do homes cost in Little Walnut Village?
The median sale price in the last month Redfin published was $425,900, about $209 per square foot.
Is Little Walnut Village cheaper than the rest of New Mexico?
Little Walnut Village's median sale price of $425,900 is 8% higher than the New Mexico statewide median of $395,500, and 4% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Little Walnut Village?
Homes in Little Walnut Village, NM spent a median of 164 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 Little Walnut Village?
At the current 30-year fixed rate of 7.03%, 20% down on a $425,900 home is about $2,274 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $97,444 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $100,170.
Are home prices rising in Little Walnut Village?
We do not hold a complete 12-month value series for Little Walnut Village, 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 Little Walnut Village?
Little Walnut Village 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 Little Walnut Village?
That depends on your timeline, not on a headline. What the data says today: Little Walnut Village, NM is a leaning buyer's with 4.0 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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One email: what homes are actually clearing at around $425,900, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.