Unshakable ZIP Data 87935 | Elephant Butte, NM Housing Market
Elephant Butte · Sierra County · New Mexico · Data updated June 19, 2026
The median sale price in ZIP 87935, Elephant Butte, New Mexico is $281,916 at $135 per square foot. 4 single-family homes sold in the latest period, down 58.8 percent from a year earlier. Homes sit a median of 144 days on market with 15.9 months of supply. 0.0 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $250,847 | |
| Average price per sq ft | $120 | |
| Median sale price | $281,916 | |
| Median sale price per sq ft | $135 | |
| Median home size | 2,096 sq ft | |
| Median new listing price | $426,256 | +42.6% |
| National size rank | 22,283 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 4 | -58.8% |
| Median days on market | 144 days | |
| Months of supply | 15.9 months | |
| New listings | 17 | +72.6% |
| Active listings | 28 | +41.8% |
| Pending sales | 9 | +52.0% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Share sold above list | 0.0% | 0.0 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$230,818
3-bedroom
$302,654
These figures describe the single-family market for Elephant Butte, New Mexico ZIP 87935. They are market context, not a substitute for sold comps or a formal appraisal.