87305
$310,000median sale price
The 87305 zip code, located in Arroyo Seco, NM, is currently classified as a balanced market. The median sale price stands at $310,000, representing a +21.6% change year over year. Homes in this area spend an average of 2 days on the market before going under contract. There are currently 1 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 87305 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
2
Fast-moving
Active listings
1
Sale-to-list
—
Below asking
Market analysis for 87305
The 87305 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 87305 have increased +21.6% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
1,947
Median income
$45,543/yr
Median age
33.1 years
Owner-occupied
9790.0%
College grads
680.0%
Avg commute
34.1 min
Living in 87305
Zip code 87305 is home to approximately 1,947 residents. The median household income is $45,543 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9790.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 680.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 34.1 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 87305.
Frequently asked questions about 87305
What is the median home price in 87305?
The current median sale price in 87305 is $310,000, based on recent Redfin transaction data. Prices have changed +21.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 87305 a buyer's or seller's market?
The 87305 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 87305?
Zip code 87305 has a population of approximately 1,947 residents. The median household income is $45,543 per year. About 9790.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 87305?
Properties Incorporated provides comprehensive data for 87305 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 87305 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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