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Is Montezuma, NM 87731 a buyer’s or seller’s market?

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

Montezuma is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16Under 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 market50Listing to accepted offer

Median price per sq ft$438

Run the numbers for 87731

Prefilled for 87731Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87731Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Conchas Dam 88416Balanced $128 /sq ft Ilfeld 87538Seller’s market $207 /sq ft Las Vegas 87701Balanced $147 /sq ft Pecos 87552Buyer’s market $976 /sq ft Browse all markets →

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