Is Melrose, NM 88124 a buyer’s or seller’s market?

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

Melrose is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.1Under 4 months = seller’s market

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

Median sale-to-list91.8%Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft$148▲ +75.7% vs. last year

Run the numbers for 88124

Prefilled for 88124Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88124Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clovis 88101Seller’s market $138 /sq ft Texico 88135 — /sq ft Browse all markets →

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