Penasco, NM Home Values & Market Trends
Real estate market trends reflect that there have been 4 transactions over the past year in Penasco. The median value for residential home transactions that occurred over the previous year is $349,000. The number of current listings in Penasco is 2, and the percentage of properties for sale in the city is 2.00%. Penasco, NM currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 2 properties for sale.
Penasco, NM Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 87553 | $ 349,000 $ 210/sqft |
Housing Market Summary for Penasco, NM
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $0 | - |
| Median Sold Price | $857.7K | $301.4K | -64.86% |
| Homes For Sale | 2 | 2 | - |
| Homes Sold | 1 | 5 | 400.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Penasco, NM
Browse Homes in Penasco, NM
Penasco home values range from $249,000 to $557,117. The median estimated value of a home in Penasco is $349,000. The median list price of a home is 0, and the total count of properties in the city is 7.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Penasco, NM with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Penasco, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Penasco, NM ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Penasco, NM. There is 1 zips within Penasco, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Penasco, NM. Auction homes and other auction properties account for 0% of all properties in Penasco, NM. There is 1 zips within Penasco, NM; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Penasco, NM
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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