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Featured local agent — Picacho Hills, NM
Sarah Mitchell
Compass Real Estate · Picacho Hills, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Picacho Hills, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$470,000median sale price
How is the Picacho Hills, NM housing market right now?
The median home sale price in Picacho Hills, NM is $470,000, down 3.1% year-over-year. Homes sell in an average of 139 days with 48 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Picacho Hills a buyer's or seller's market?
Picacho Hills, NM is currently a buyer's market, based on 9.6 months of supply and homes selling in about 139 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
139
Average pace
Active listings
48
9.6 months supply
Sale-to-list
—
Below asking
What does the Picacho Hills housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $470,000 |
| Median list price | $448,000 |
| Year-over-year price change | -3.1% |
| Average days on market | 139 days |
| Active inventory | 48 listings |
| Months of supply | 9.6 months |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 15 |
| Listings with a price cut | 29.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Picacho Hills by property type?
How the Picacho Hills, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $470,000 | $195/sq ft | 5 | 139 days |
| Condo / Co-op | $305,000 | $191/sq ft | 1 | 12 days |
Source: Redfin · Updated monthly
The Picacho Hills housing market is currently classified as a buyer's market with a median sale price of $470,000. Prices have fallen 3.1% compared to last year, with homes spending an average of 139 days on market, indicating 9.6 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 Picacho Hills
There are currently 48 homes listed for sale in Picacho Hills, New Mexico. The median listing price is $448K.
Active listings
48
Homes on market
Median list price
$448K
Avg. days on market
139
Days until sale
New this week
15
Newly listed
Who lives in Picacho Hills?
Population
1,995
Median income
$124,250/yr
Median age
67.2 years
Owner-occupied
96.9%
College grads
69.4%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Picacho Hills?
Picacho Hills is a community of approximately 2K residents with a median age of 67.2 years.The median household income is $124,250, which reflects a relatively affluent area with strong earning potential. 69.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Picacho Hills offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Picacho Hills, NM?
Want a head-to-head view? Compare Picacho Hills side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Picacho Hills?
The median home sale price in Picacho Hills is $470,000, down 3.1% from last year.
How long do homes stay on market in Picacho Hills?
Homes typically spend 139 days on market before going under contract.
What is the median income in Picacho Hills?
The median household income is $124,250 per year.
Is Picacho Hills a buyer's or seller's market?
With 9.6 months of supply, Picacho Hills is currently a buyer's market.
What is the median condo price in Picacho Hills?
The median condo/co-op sale price in Picacho Hills, NM is $305,000, compared to $470,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Picacho Hills?
The median single-family home price in Picacho Hills, NM is $470,000 (about $195 per square foot).
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