Photo: Davishan99 · CC BY-SA 3.036 homes sold in Red River in the last year, at a typical $346K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Red River homes are listed.
Every place Red River homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Red River.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
44% of Red River’s sales are condos, at $257K less than a house
14 houses and 16 condos sold in the year to May 2026. Condos sell faster.
typical sale · 14 sold in 12 months
- Per square foot
- $315NM $212
- Days to sell
- 198
- Sold over asking
- 0%
- Listings with a price cut
- 25%
typical sale · 16 sold in 12 months
- Per square foot
- $237NM $343
- Days to sell
- 166
- Sold over asking
- 0%
- Listings with a price cut
- 19%
Townhouses: 6 sold, typical $380K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at about the 2016 price
36 sales in the last year, against 35 in 2025 and a low of 17 in 2015. The typical sale went from $313K in 2016 to $346K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Red River
Check a listing against what Red River homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Red River are back to pre-pandemic levels, and more homes are for sale
We read every month of Red River’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 36 sales.
If you’re buying in Red River
- Shop in June. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- Offer under asking. Buyers paid 95.3% of the list price on average; 0% paid over.
- You’ll usually have time. Only 15% of homes go under contract within two weeks; the typical one takes 143 days.
Summer brings the homes; winter brings the bidding wars
June has the most new listings (about 6 a month), but January is the most competitive: 0% of January sales close over asking. January has the least competition (0%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New Mexico as a whole
| Red River now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 0% | 0% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 15% | 0% | 0% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95.3% | — | — | 96.5% |
| Days to sellMedian days from listing to contract | 143 | 212 | 244 | 64 |
16 homes for sale on a typical day
That’s 3 times the 2023 low (5), 20% more than in 2017–19 and well under 2024’s 23.
1 in 6 listings has cut its price
16% in the last year, against — in 2017–19 and 21% across New Mexico.
Houses and condos, year by year
A house typically sold for $464K in the last year (14 sales), a condo for $207K (16).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Four things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 0.
Best time to buyTypical commute
The average one-way trip to work for people who live in Red River.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Red River, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Red River. People who follow the town see it, and so do people comparing Red River with their own town. No commission, no listing fee.
Questions about buying a home in Red River
What do homes sell for in Red River, NM?
36 homes sold in the year to May 2026 at a typical $346K, $271 a square foot. Houses sold for about $464K, condos for about $207K.
Is Red River a buyer’s or seller’s market?
A balanced market: 16 homes were for sale in May 2026 and 3 sold, about 5.3 months of supply. Buyers paid 95.3% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Red River?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Red River?
Zillow, Redfin, Realtor.com and Homes.com all carry Red River’s MLS listings; the search links above open each one filtered to Red River.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).