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Sarah Mitchell
Compass Real Estate · ZIP 88007
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88007 ZIP Code Housing Market
$392,000median sale price
What is the 88007 housing market like right now?
The median home sale price in ZIP code 88007 is $392,000, down 13.3% year-over-year. Homes sell in an average of 82 days with 102 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 88007 ZIP code a buyer's or seller's market?
ZIP code 88007 is currently a leaning buyer's and homes selling in about 82 days. How we determine this →
What are the latest 88007 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $392,000 |
| Median list price | $427,250 |
| Year-over-year price change | -13.3% |
| Average days on market | 82 days |
| Active inventory | 102 listings |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 88007 zip code, located in Radium Springs, NM, is currently classified as a leaning buyer's. The median sale price stands at $392,000, representing a -13.3% change year over year. Homes in this area spend an average of 82 days on the market before going under contract. There are currently 102 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 88007 sits in the Radium Springs, NM area, roughly 7.4 miles from downtown Radium Springs. Because home prices are set street by street, this ZIP can move differently from Radium Springs's citywide averages. The figures below reflect 88007 specifically — drawn from Redfin transactions, U.S. Census data for its 26,254 residents, and Zillow value estimates.
Homes sold
50
Last 12 weeks
Days on market
82
Average pace
Active listings
102
Sale-to-list
97.7%
Below asking
What is driving the 88007 housing market?
The 88007 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 97.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 88007 have declined -13.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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.
The Zillow Home Value Index (ZHVI) for 88007 stands at $328,729, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 88007?
Population
26,254
Median income
$64,892/yr
Median age
40.8 years
Owner-occupied
81.5%
College grads
30.4%
Avg commute
20.54 min
What is it like living in 88007?
Zip code 88007 is home to approximately 26,254 residents. The median household income is $64,892 per year, which shapes the types of homes and amenities available in the area. With a median age of 40.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 81.5% 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 30.4% 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 20.54 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 88007.
Which public schools serve ZIP 88007?
5 schools tracked · 3,004 students
The largest public schools serving ZIP code 88007 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.
MAYFIELD HIGH
Grades 9-12 · 1,401 students
VISTA MIDDLE
Grades 6-8 · 581 students
EAST PICACHO ELEMENTARY
Grades PK-5 · 482 students
FAIRACRES ELEMENTARY
Grades PK-5 · 407 students
RAICES DEL SABER XINACHTLI COMMUNITY
Grades K-5 · 133 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 88007
What is the median home price in 88007?
The current median sale price in 88007 is $392,000, based on recent Redfin transaction data. Prices have changed -13.3% 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 88007 a buyer's or seller's market?
The 88007 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 of zip code 88007?
Zip code 88007 has a population of approximately 26,254 residents. The median household income is $64,892 per year. About 81.5% 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 88007?
Properties Incorporated provides comprehensive data for 88007 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 88007 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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