Is Estancia, NM 87016 a buyer’s or seller’s market?
Estancia is a buyer’s market. With about 14.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply14.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market86Listing to accepted offer
Median price per sq ft$102▼ −35.9% vs. last year
Run the numbers for 87016
Nearby markets
Encino 88321 $36 /sq ftMoriarty 87035Seller’s market $186 /sq ftMountainair 87036Buyer’s market $111 /sq ftTorreon 87061 — /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology