Brokers — List your Company Here
Featured local agent — Medanales, NM
Sarah Mitchell
Compass Real Estate · Medanales, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Medanales, NM Housing Market
The last median sale price Redfin published was $230,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 260 days, Medanales is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $230,000 home is about $1,228/mo in principal and interest.
Key numbers for Medanales, NM
Median sale price
$230,000
Last published period
Redfin, through April 2026
Days on market
260
Slow-moving
Redfin, through April 2026
Active listings
4
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
Sale-to-list ratio
95.8%
Selling below asking
Redfin, through April 2026
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 Medanales a buyer's or seller's market?
Medanales, NM is a buyer's market, based on 4.0 months of supply and homes selling in about 260 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 Medanales housing market data show?
Every row below is Redfin's final published month for Medanales, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median price per sq ft | $257/sq ft |
| Median days on market | 260 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 95.8% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 25.0% |
| 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 Medanales is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Medanales 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 Medanales home prices moved?
Across the 15 months we hold for Medanales, NM, the median sale price fell 50.9%, from $468,000 in May 2021 to $230,000. 25.0% of Medanales 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. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 95.8%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
Get Medanales market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Medanales?
Priced off the median sale price of $230,000 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% | $46,000 | $184,000 | $1,228/mo |
| 5% | $11,500 | $218,500 | $1,458/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 $1,228, that implies roughly $52,623 a year before you add taxes and insurance. We do not hold a Census income figure for Medanales, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Medanales in the next 12 months?
Tell us your timeline. We send the Medanales 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 Medanales?
Zillow does not publish a rent index (ZORI) for Medanales, 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 Medanales?
Active listings in Medanales, NM went from 1 in May 2021 to 4 in April 2026, a +300.0% 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 |
|---|---|---|
| May 2021 | 1 | not published |
| November 2021 | 2 | 2 |
| December 2021 | 2 | not published |
| February 2022 | 1 | not published |
| April 2022 | 1 | 1 |
| August 2022 | 1 | not published |
| January 2024 | 2 | 1 |
| May 2024 | 2 | 1 |
| June 2024 | 2 | 1 |
| July 2025 | 5 | 3 |
| March 2026 | 5 | not published |
| April 2026 | 4 | not published |
Redfin, through April 2026
How does Medanales compare to New Mexico and the U.S.?
Medanales homes sell for $230,000 — 42% below the New Mexico median of $395,500. Against the national median of $410,700, Medanales runs 44% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Medanales, NM | $230,000 | not published | 260 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 Medanales
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 25.0%. 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 $230 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 $230,000 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 Medanales listing goes under contract in 260 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 95.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Medanales varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Medanales
There are currently 4 homes listed for sale in Medanales, New Mexico.
Active listings
4
Homes on market
Avg. days on market
260
Days until sale
How much do homes cost in Medanales by property type?
How the Medanales, 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 | $230,000 | $257/sq ft | 1 | 260 days |
Who lives in Medanales?
American Community Survey estimates for Medanales. U.S. Census ACS, 2023
Population
246
Households
89
Median age
57.9 years
Owner-occupied
100.0%
100.0% of occupied homes in Medanales 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 Medanales, NM?
Ordered by distance from Medanales, not by size. Compare Medanales side by side with any of them.
Medanales housing market FAQ
Is Medanales a buyer's or seller's market?
Medanales, NM is currently a buyer's market. That read comes from 4.0 months of supply, homes going under contract in about 260 days, and sellers getting 95.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Medanales?
The median sale price in the last month Redfin published was $230,000, about $257 per square foot.
Is Medanales cheaper than the rest of New Mexico?
Medanales's median sale price of $230,000 is 42% lower than the New Mexico statewide median of $395,500, and 44% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Medanales?
Homes in Medanales, NM spent a median of 260 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 Medanales?
At the current 30-year fixed rate of 7.03%, 20% down on a $230,000 home is about $1,228 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $52,623 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Medanales?
We do not hold a complete 12-month value series for Medanales, 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 Medanales?
Medanales 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 Medanales?
That depends on your timeline, not on a headline. What the data says today: Medanales, NM is a buyer's market 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.
Be the brokerage on this page
1 slot per pageGet featured on Medanales, NM
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Medanales
Nearby markets
Get the Medanales market brief
Get the Medanales, NM market brief
One email: what homes are actually clearing at around $230,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.