87523
$367,000median sale price
The 87523 zip code, located in Arroyo Seco, NM, is currently classified as a leaning buyer's. The median sale price stands at $367,000. Homes in this area spend an average of 147 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 87523 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
147
Average pace
Active listings
1
Sale-to-list
97.9%
Below asking
Market analysis for 87523
The 87523 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 87523 have remained relatively stable compared to last year. 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
180
Median age
68.7 years
Owner-occupied
8940.0%
Living in 87523
Zip code 87523 is home to approximately 180 residents. With a median age of 68.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8940.0% 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.
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 87523.
Frequently asked questions about 87523
What is the median home price in 87523?
The current median sale price in 87523 is $367,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 87523 a buyer's or seller's market?
The 87523 zip code is currently classified as a leaning buyer's. 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 87523?
Zip code 87523 has a population of approximately 180 residents. About 8940.0% 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 87523?
Properties Incorporated provides comprehensive data for 87523 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 87523 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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