88029
$190,000median sale price
The 88029 zip code, located in Arroyo Seco, NM, is currently classified as a balanced market. The median sale price stands at $190,000. Homes in this area spend an average of 6 days on the market before going under contract. There are currently 10 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 88029 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
6
Fast-moving
Active listings
10
Sale-to-list
—
Below asking
Market trends
Market analysis for 88029
The 88029 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 88029 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
1,327
Median income
$27,898/yr
Median age
33.2 years
Owner-occupied
5130.0%
College grads
1180.0%
Living in 88029
Zip code 88029 is home to approximately 1,327 residents. The median household income is $27,898 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 5130.0% 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 1180.0% 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. 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 88029.
Frequently asked questions about 88029
What is the median home price in 88029?
The current median sale price in 88029 is $190,000, 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 88029 a buyer's or seller's market?
The 88029 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 88029?
Zip code 88029 has a population of approximately 1,327 residents. The median household income is $27,898 per year. About 5130.0% 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 88029?
Properties Incorporated provides comprehensive data for 88029 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 88029 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.
Get zip code 88029 market alerts
Weekly updates on prices, inventory, and trends. Free forever.