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Is Cerro, NM 87519 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cerro is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market136Listing to accepted offer

Median price per sq ft$191▲ +0.5% vs. last year

Run the numbers for 87519

Prefilled for 87519Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87519Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arroyo Hondo 87513Buyer’s market $304 /sq ft Arroyo Seco 87514Buyer’s market $432 /sq ft Carson 87517Seller’s market $451 /sq ft Costilla 87524 — /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology