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Is Caballo, NM 87931 a buyer’s or seller’s market?

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

Caballo is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 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 market95Listing to accepted offer
Median price per sq ft$124

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Nearby markets

Arrey 87930 — /sq ftElephant Butte 87935Buyer’s market $166 /sq ftHillsboro 88042Balanced $200 /sq ftMonticello 87939 — /sq ft Browse all markets →

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