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Is Elephant Butte, NM 87935 a buyer’s or seller’s market?

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

Elephant Butte is a buyer’s market. With about 8.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.2Under 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 market27Listing to accepted offer
Median price per sq ft$166▼ −14.0% vs. last year

Run the numbers for 87935

Prefilled for 87935Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87935Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arrey 87930 — /sq ftCaballo 87931Buyer’s market $124 /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