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Featured local agent — Wagon Mound, NM
Sarah Mitchell
Compass Real Estate · Wagon Mound, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wagon Mound, NM Housing Market
The last median sale price Redfin published was $219,000 (through May 2026). With homes going under contract in about 122 days, Wagon Mound is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $219,000 home is about $1,169/mo in principal and interest.
Key numbers for Wagon Mound, NM
Median sale price
$219,000
Last published period
Redfin, through March 2023
Days on market
122
Slow-moving
Redfin, through March 2023
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$41,823
Home costs 5.2x income
U.S. Census ACS, 2023
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 Wagon Mound a buyer's or seller's market?
Wagon Mound, NM is a leaning buyer's and homes selling in about 122 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Wagon Mound housing market data show?
Every row below is Redfin's final published month for Wagon Mound, NM. Redfin, through March 2023
| Metric | Value |
|---|---|
| Median sale price | $219,000 |
| Median price per sq ft | $96/sq ft |
| Median days on market | 122 days |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
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 Wagon Mound is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Wagon Mound 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 Wagon Mound home prices moved?
Across the 3 months we hold for Wagon Mound, NM, the median sale price rose 18.4%, from $185,000 in November 2021 to $219,000.
Redfin, through March 2023 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Wagon Mound?
Priced off the median sale price of $219,000 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% | $43,800 | $175,200 | $1,169/mo |
| 5% | $10,950 | $208,050 | $1,388/mo |
Redfin, through March 2023 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 $1,169, that implies roughly $50,106 a year before you add taxes and insurance. The median household in Wagon Mound earns $41,823, about $8,283 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 5.2x — 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 Wagon Mound in the next 12 months?
Tell us your timeline. We send the Wagon Mound 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 Wagon Mound?
Zillow does not publish a rent index (ZORI) for Wagon Mound, 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 Wagon Mound?
We hold fewer than two months of inventory readings for Wagon Mound, NM, so there is no trend to report yet.
How does Wagon Mound compare to New Mexico and the U.S.?
Wagon Mound homes sell for $219,000 — 45% below the New Mexico median of $395,500. Against the national median of $410,700, Wagon Mound runs 47% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Wagon Mound, NM | $219,000 | not published | 122 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2023 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Wagon Mound
What buyers should watch
- The gap between 5% and 20% down here is $219 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 $219,000 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
- The median Wagon Mound listing goes under contract in 122 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Comparable ZIP-level pricing inside Wagon Mound varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Wagon Mound
Explore homes currently listed for sale in Wagon Mound, New Mexico across major real estate platforms.
How much do homes cost in Wagon Mound by property type?
How the Wagon Mound, NM market breaks down across single-family homes, condos and townhouses. Redfin, through March 2023
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $219,000 | $96/sq ft | 1 | 122 days |
Who lives in Wagon Mound?
American Community Survey estimates for Wagon Mound. U.S. Census ACS, 2023
Population
587
Households
284
Median income
$41,823/yr
Median age
62.3 years
Owner-occupied
72.5%
Median gross rent
$611/mo
Mean commute
21.4 min
72.5% of occupied homes in Wagon Mound 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 Wagon Mound?
2 schools tracked · 70 students
The largest public schools serving Wagon Mound, 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.
WAGON MOUND ELEMENTARY
Grades PK-6 · 35 students
WAGON MOUND HIGH
Grades 7-12 · 35 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 Wagon Mound, NM?
Ordered by distance from Wagon Mound, not by size. Compare Wagon Mound side by side with any of them.
Wagon Mound housing market FAQ
Is Wagon Mound a buyer's or seller's market?
Wagon Mound, NM is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Wagon Mound?
The median sale price in the last month Redfin published was $219,000, about $96 per square foot.
Is Wagon Mound cheaper than the rest of New Mexico?
Wagon Mound's median sale price of $219,000 is 45% lower than the New Mexico statewide median of $395,500, and 47% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Wagon Mound?
Homes in Wagon Mound, NM spent a median of 122 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Wagon Mound?
At the current 30-year fixed rate of 7.03%, 20% down on a $219,000 home is about $1,169 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $50,106 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $41,823.
Are home prices rising in Wagon Mound?
We do not hold a complete 12-month value series for Wagon Mound, NM yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Wagon Mound?
Wagon Mound 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 Wagon Mound?
That depends on your timeline, not on a headline. What the data says today: Wagon Mound, NM is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $219,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.