Brokers — List your Company Here
Featured local agent — Tesuque, NM
Sarah Mitchell
Compass Real Estate · Tesuque, 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.
Tesuque, NM Housing Market
The last median sale price Redfin published was $3.20M, +42.4% year over year (through May 2026). With 12.0 months of supply, Tesuque is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $3.20M home is about $17,099/mo in principal and interest.
Key numbers for Tesuque, NM
Median sale price
$3.20M
+42.4% year over year
Redfin, through May 2026
Active listings
12
12.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$52,273
Home costs 61.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.3%
Selling above asking
Redfin, through May 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 Tesuque a buyer's or seller's market?
Tesuque, NM is a balanced market, based on 12.0 months of supply. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Tesuque housing market data show?
Every row below is Redfin's final published month for Tesuque, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $3.20M |
| Median list price | $4.17M |
| Year-over-year price change | +42.4% |
| Median price per sq ft | $654/sq ft |
| Active inventory | 12 listings |
| Months of supply | 12.0 months |
| Sale-to-list price ratio | 103.3% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced 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 Tesuque is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Tesuque 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 Tesuque home prices moved?
Over the last three years the median sale price in Tesuque, NM fell 12.0%, from $3.64M to $3.20M. 33.3% of Tesuque listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 12.0 months while the sale-to-list ratio slips below its current 103.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Tesuque market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Tesuque?
Priced off the median sale price of $3.20M 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% | $640,600 | $2.56M | $17,099/mo |
| 5% | $160,150 | $3.04M | $20,306/mo |
Redfin, through May 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 $17,099, that implies roughly $732,830 a year before you add taxes and insurance. The median household in Tesuque earns $52,273, about $680,557 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 61.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Tesuque in the next 12 months?
Tell us your timeline. We send the Tesuque 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 Tesuque?
Zillow does not publish a rent index (ZORI) for Tesuque, 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 Tesuque?
Active listings in Tesuque, NM went from 9 in January 2025 to 12 in May 2026, a +33.3% 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 |
|---|---|---|
| March 2025 | 10 | 1 |
| April 2025 | 12 | 3 |
| May 2025 | 12 | 2 |
| June 2025 | 13 | 4 |
| July 2025 | 17 | 5 |
| August 2025 | 16 | 2 |
| September 2025 | 14 | 2 |
| October 2025 | 16 | 4 |
| November 2025 | 15 | 2 |
| February 2026 | 9 | 1 |
| April 2026 | 11 | 2 |
| May 2026 | 12 | 2 |
Redfin, through May 2026
How does Tesuque compare to New Mexico and the U.S.?
Tesuque homes sell for $3.20M — 710% above the New Mexico median of $395,500. Against the national median of $410,700, Tesuque runs 680% higher. Year-over-year, Tesuque moved +42.4% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Tesuque, NM | $3.20M | +42.4% | not published |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Tesuque
What buyers should watch
- Months of supply, currently 12.0. 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 33.3%. 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 $3,206 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 $3.20M 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
- Homes here close at 103.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Tesuque added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Tesuque varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Tesuque
There are currently 12 homes listed for sale in Tesuque, New Mexico. The median listing price is $4.2M.
Active listings
12
Homes on market
Median list price
$4.2M
New this week
2
Newly listed
How much do homes cost in Tesuque by property type?
How the Tesuque, NM market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.20M | $654/sq ft | 1 | not published |
| Condo / co-op | $1.40M | $654/sq ft | 1 | 42 days |
Who lives in Tesuque?
American Community Survey estimates for Tesuque. U.S. Census ACS, 2023
Population
1,087
Households
680
Median income
$52,273/yr
Median age
67.7 years
Owner-occupied
69.4%
Median home value
$877,600
Median gross rent
$1,095/mo
Mean commute
19 min
69.4% of occupied homes in Tesuque 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 public schools serve Tesuque?
1 schools tracked · 68 students
The largest public schools serving Tesuque, 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.
TESUQUE ELEMENTARY
Grades PK-6 · 68 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 Tesuque, NM?
Ordered by distance from Tesuque, not by size. Compare Tesuque side by side with any of them.
Tesuque housing market FAQ
Is Tesuque a buyer's or seller's market?
Tesuque, NM is currently a balanced market. That read comes from 12.0 months of supply, and sellers getting 103.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Tesuque?
The median sale price in the last month Redfin published was $3.20M, about $654 per square foot.
Is Tesuque cheaper than the rest of New Mexico?
Tesuque's median sale price of $3.20M is 710% higher than the New Mexico statewide median of $395,500, and 680% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Tesuque?
We do not hold a days-on-market figure for Tesuque, NM. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Tesuque?
At the current 30-year fixed rate of 7.03%, 20% down on a $3.20M home is about $17,099 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $732,830 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $52,273.
Are home prices rising in Tesuque?
Redfin's last published year-over-year change for Tesuque, NM was +42.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Tesuque?
Tesuque 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 Tesuque?
That depends on your timeline, not on a headline. What the data says today: Tesuque, NM is a balanced market with 12.0 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 Tesuque, 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 Tesuque
Nearby markets
Get the Tesuque market brief
Get the Tesuque, NM market brief
One email: what homes are actually clearing at around $3.20M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.