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Featured local agent — Tano Road, NM
Sarah Mitchell
Compass Real Estate · Tano Road, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tano Road, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.28Mmedian sale price
How is the Tano Road, NM housing market right now?
The median home sale price in Tano Road, NM is $1.28M, down 44.8% year-over-year. Homes sell in an average of 107 days with 31 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 Tano Road a buyer's or seller's market?
Tano Road, NM is currently a buyer's market, based on 7.8 months of supply and homes selling in about 107 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
107
Average pace
Active listings
31
7.8 months supply
Sale-to-list
96.8%
Below asking
What does the Tano Road housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.28M |
| Median list price | $1.45M |
| Year-over-year price change | -44.8% |
| Average days on market | 107 days |
| Active inventory | 31 listings |
| Months of supply | 7.8 months |
| Sale-to-list price ratio | 96.8% |
| Median price per sq ft | $470/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 11 |
| Listings with a price cut | 19.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Tano Road by property type?
How the Tano Road, 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 | $1.07M | $427/sq ft | 3 | 36 days |
| Condo / Co-op | $1.69M | $512/sq ft | 1 | 178 days |
Source: Redfin · Updated monthly
The Tano Road housing market is currently classified as a buyer's market with a median sale price of $1.28M. Prices have fallen 44.8% compared to last year, with homes spending an average of 107 days on market, indicating 7.8 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 Tano Road
There are currently 31 homes listed for sale in Tano Road, New Mexico. The median listing price is $1.5M.
Active listings
31
Homes on market
Median list price
$1.5M
Avg. days on market
107
Days until sale
New this week
11
Newly listed
Who lives in Tano Road?
Population
1,581
Median income
$166,649/yr
Median age
66.9 years
Owner-occupied
94.4%
College grads
75.1%
Avg commute
38.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Tano Road?
Tano Road is a community of approximately 2K residents with a median age of 66.9 years.The median household income is $166,649, which reflects a relatively affluent area with strong earning potential. 75.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Tano Road offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Tano Road, NM?
Want a head-to-head view? Compare Tano Road side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Tano Road?
The median home sale price in Tano Road is $1.28M, down 44.8% from last year.
How long do homes stay on market in Tano Road?
Homes typically spend 107 days on market before going under contract.
What is the median income in Tano Road?
The median household income is $166,649 per year.
Is Tano Road a buyer's or seller's market?
With 7.8 months of supply, Tano Road is currently a buyer's market.
What is the median condo price in Tano Road?
The median condo/co-op sale price in Tano Road, NM is $1.69M, compared to $1.07M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Tano Road?
The median single-family home price in Tano Road, NM is $1.07M (about $427 per square foot).
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