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Featured local agent — Red River, NM
Sarah Mitchell
Compass Real Estate · Red River, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red River, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$293,000median sale price
How is the Red River, NM housing market right now?
The median home sale price in Red River, NM is $293,000, up 13.1% year-over-year. Homes sell in an average of 68 days with 16 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 Red River a buyer's or seller's market?
Red River, NM is currently a buyer's market, based on 5.3 months of supply and homes selling in about 68 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
68
Average pace
Active listings
16
5.3 months supply
Sale-to-list
—
Below asking
What does the Red River housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $293,000 |
| Median list price | $539,000 |
| Year-over-year price change | +13.1% |
| Average days on market | 68 days |
| Active inventory | 16 listings |
| Months of supply | 5.3 months |
| Median price per sq ft | $262/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 6 |
| Listings with a price cut | 6.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Red River by property type?
How the Red River, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $286,500 | $247/sq ft | 2 | 72 days |
| Townhouse | $399,000 | $367/sq ft | 1 | 32 days |
Source: Redfin · Updated monthly
The Red River housing market is currently classified as a buyer's market with a median sale price of $293,000. Prices have risen 13.1% compared to last year, with homes spending an average of 68 days on market, indicating 5.3 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 Red River
There are currently 16 homes listed for sale in Red River, New Mexico. The median listing price is $539K.
Active listings
16
Homes on market
Median list price
$539K
Avg. days on market
68
Days until sale
New this week
6
Newly listed
Who lives in Red River?
Population
456
Median age
44 years
Owner-occupied
34.3%
College grads
19.1%
Avg commute
3.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Red River?
Zillow home value
$410,444
Source: Zillow Research
What is it like to live in Red River?
Red River is a community of approximately 0K residents with a median age of 44 years. 19.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 34.3%, showing a blend of owner and renter-occupied properties. The average commute time is 3.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Red River offers a distinctive character that appeals to different lifestyle preferences.
Which public schools serve Red River?
1 schools tracked · 87 students
The largest public schools serving Red River, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
RED RIVER VALLEY CHARTER SCHOOL
Grades PK-8 · 87 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Red River, NM?
Want a head-to-head view? Compare Red River side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Red River?
The median home sale price in Red River is $293,000, up 13.1% from last year.
How long do homes stay on market in Red River?
Homes typically spend 68 days on market before going under contract.
Is Red River a buyer's or seller's market?
With 5.3 months of supply, Red River is currently a buyer's market.
What is the Zillow home value estimate for Red River?
The Zillow Home Value Index (ZHVI) for Red River is $410,444, representing the typical home value in the area.
What is the median condo price in Red River?
The median condo/co-op sale price in Red River, NM is $286,500, based on the latest Redfin data.
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