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Featured local agent — Peñasco, NM
Sarah Mitchell
Compass Real Estate · Peñasco, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Peñasco, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$176,000median sale price
How is the Peñasco, NM housing market right now?
The median home sale price in Peñasco, NM is $176,000. Homes sell in an average of 339 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of September 2023 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Peñasco a buyer's or seller's market?
Peñasco, NM is currently a buyer's market and homes selling in about 339 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
339
Average pace
Active listings
—
Sale-to-list
71.8%
Below asking
What does the Peñasco housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $176,000 |
| Average days on market | 339 days |
| Sale-to-list price ratio | 71.8% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The Peñasco housing market is currently classified as a buyer's market with a median sale price of $176,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 339 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Peñasco
Explore homes currently listed for sale in Peñasco, New Mexico across major real estate platforms.
Who lives in Peñasco?
Population
613
Median income
$38,750/yr
Median age
42 years
Owner-occupied
70.6%
College grads
13.7%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Peñasco?
Peñasco is a community of approximately 1K residents with a median age of 42 years.The median household income is $38,750, which represents a working-class community with solid middle-income opportunities. 13.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Peñasco offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Peñasco, NM?
Want a head-to-head view? Compare Peñasco side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Peñasco?
The median home sale price in Peñasco is $176,000, down 0.0% from last year.
How long do homes stay on market in Peñasco?
Homes typically spend 339 days on market before going under contract.
What is the median income in Peñasco?
The median household income is $38,750 per year.
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