Quick Espanola NM MLS Search

Española Real Estate

Española sits where the Rio Grande and Rio Chama valleys meet, one of the oldest continuously settled areas in the state and the self-proclaimed "Lowrider Capital of the World" — its lowrider car culture and annual cruises are a genuine point of civic pride, not a stereotype. It's also the practical commercial hub for the smaller villages of the upper Rio Grande and Chama valleys (Chimayo, Abiquiu, Ojo Caliente).

At a median sale price of $369,000 in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026), 66 homes changed hands over the trailing year, with sellers receiving a median 96.5% of original asking price. Typical time on market before going under contract: 29 days. At 4.0 months of inventory, supply and demand are roughly balanced (6 months is the classic equilibrium benchmark).

Of the 66 homes that closed in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026), the under $400K price band led with 40 sales (61% of closed volume).

Who Española Suits

Buyers wanting valley land and a lower price point than Santa Fe, within a 30-45 minute commute of both Santa Fe and Los Alamos.

Worth Knowing

The surrounding acequia (irrigation ditch) system predates statehood and is still actively managed by local commissioners — relevant to any property with irrigated land.

Española Market Snapshot

MetricValue
Geographic bin usedEspanola
Data source board(s)SFAR
Homes sold, last 12 months66
Median sale price, last 12 months$369,000
Median sold $/sqft$212/sqft
% of original asking price received (median)96.5%
Sold under / at / over asking (final list)64% / 20% / 17%
Median days on market, sold homes29 days
Months of inventory4.0 months
Active listings27
Median active list price$398,500
Pending sales14

A note on the listings widget below: it pulls from a third-party data feed scoped to a single ZIP code (87532), and it reports the median price of homes currently listed for sale (asking price), not homes actually sold. Our table above reflects real closed sales across all of Española's MLS records (non-disclosure-state aggregate data), which is why the two numbers won't match — they're measuring different things over different areas, not competing claims about the same one.

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Frequently Asked Questions

What are homes selling for in Española, NM?

Over the trailing 12 months in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026), 66 homes closed at a median sale price of $369,000 ($212/sqft median). Sellers received a median 96.5% of original asking price. New Mexico is a non-disclosure state, so this is an aggregate statistic — individual sale prices are never published.

Is Española a fast-moving real estate market?

Homes that closed in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026) went under contract in a median of 29 days. At 4.0 months of inventory, supply and demand are roughly balanced (6 months is the classic equilibrium benchmark).

Is Española a buyer's market or a seller's market right now?

Among 66 homes that closed in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026), 17% sold over asking (while 64% sold under) on final list price. Sellers' median result was 97.7% of final asking price, and a median 96.5% of original asking price.

Is Española mostly an entry-level or high-end market?

Of the 66 homes that closed in Espanola, NM (SFAR MLS data, trailing 12 months through September 9, 2026), the under $400K price band led with 40 sales (61% of closed volume). That reflects the broadest slice of Española buyer demand over the period, not a prediction of where the next sale will land.

Data source & methodology: statistics computed from board-direct MLS records for Espanola, New Mexico, snapshot September 9, 2026. New Mexico is a non-disclosure state — only aggregate statistics (medians, counts, ratios, days on market) are published, never an individual sale price. Statistics below a floor of 20 sold records in the trailing 12-month window are suppressed rather than estimated. Prepared by Matthew Scarborough, Keller Williams Santa Fe.

Browse All Espanola NM Properties for Sale

$425,000
4 Beds 2 Baths 202603962 MLS 6 DOM
Welcome to 804 Sunset Drive, a spacious four bedroom home on approximately 0.59 acres in the established Valley Estates neighborhood. Built circa 1960, this approximately 1,900 square foot home offers a flexible layout with four bedrooms, one full bath, one three quarter bath, a living room with brick fireplace, kitchen, bonus room, and a large enclosed sunroom. The home retains beautiful original hardwood flooring in several areas, while newer flooring has been added in other parts of the home, blending original character with practical updates. The bonus room features exposed beams and warm wood finishes, and the large sunroom offers excellent additional space for entertaining, hobbies, plants, a studio, or everyday living. The kitchen includes a convenient laundry closet, and the property also offers a detached approximately 12 by 24 foot shed or workshop with electrical power. Additional features include forced air heating, crawl space construction, and a ProPanel metal roof. Adding to the property's versatility are water rights and a private well that has historically been used to supplement irrigation of the land. The residence itself is served by a community water system, allowing the private well to remain a valuable resource for outdoor use. With nearly 0.6 acres, multiple living spaces, original hardwood floors, a powered workshop, and water resources that are increasingly difficult to find, 804 Sunset Drive offers a unique combination of space, character, and functionality in Valley Estates.

804 Sunset Dr, Espanola

$649,000
2 Beds 1 Baths 202603249 MLS 30 DOM
NEW PRICE — $649,000! | PRICED BELOW APPRAISAL Own a Piece of Northern New Mexico History — and Create Your Vision. Discover a truly special property in coveted La Mesilla, where history, open land, agriculture, equestrian living, and endless possibilities come together on 5.057 acres. At the heart of the property is a thoughtfully updated 1918 adobe home filled with authentic Northern New Mexico character, including exposed vigas, a traditional Kiva fireplace, remodeled kitchen and bath, updated electrical and plumbing, and new Accent windows throughout. The home offers the flexibility to serve as a primary residence, guest retreat, studio, or potential casita. But the real opportunity is the land and infrastructure. Once operated as a horse breeding ranch, the property is ready for someone to bring that lifestyle back. A four-stall horse barn, hay barn, greenhouse, chicken coop, workshop/office, cool storage, additional outbuildings, fenced areas, irrigated pasture/orchard, agricultural water rights, and irrigation infrastructure provide an incredible foundation for an equestrian or agricultural homestead. An owned 12-panel tracking solar system, private well and septic, water filtration, and upgraded well equipment add even more value. Enjoy breathtaking views toward the Santa Fe National Forest and Jemez Mountains, abundant wildlife, privacy, and the peaceful character of rural Northern New Mexico—yet you're only minutes from Española with easy access toward Santa Fe and Los Alamos. Whether you envision a private retreat, horse ranch, agricultural homestead, guest/casita property, or future estate, this is an opportunity to create something truly your own. 5.057 acres. Water. Solar. Equestrian potential. Mountain views. Endless possibilities.

58 Cr 120, Espanola

$499,000
4 Beds 3 Baths 202603591 MLS 31 DOM
Welcome to this stunning two-story Pueblo-style home in Española, where classic southwestern elegance meets modern comfort. Impeccably maintained, the home features clean curb appeal with a welcoming half-walled courtyard in the front yard, graced by lush grass, mature flowers, and thriving fruit trees that lead you to a covered porch and front entrance. Step inside into a dramatic foyer with soaring vaulted ceilings and rich terracotta tile flooring that extends throughout the main floor, creating a warm and inviting atmosphere. To the right, an intimate living room awaits, boasting elegant wood parquet floors centered by a striking stone wood-burning fireplace, perfect for cozy evenings. Just beyond the foyer, a cozy nook is ideal for a quiet reading spot, seamlessly connecting to a spacious kitchen and dining area. The kitchen is a true highlight, featuring abundant dark painted cabinetry with sleek chrome hardware, rich butcher block countertops, stainless steel appliances, and a peninsula island with bar seating. Step through to the back covered porch designed for easy BBQs and peaceful relaxation overlooking the lush backyard. Down a step, the large family room offers versatile space complete with a convenient Murphy bed for overnight guests. Here, you also have access to a powder room, a functional laundry room, and a two-car garage. Adjacent to the garage is an expansive 1,000+ square foot studio and workshop, a dream for creatives or simply turn into additional living space. Upstairs are three guest bedrooms and a full guest bath. The generous primary en-suite boasts a walk-in closet and a bathroom with tile flooring, a single sink vanity and a walk-in shower. Outside, enjoy a fenced backyard complete with garden beds for avid gardeners and mature trees that provide ample shade. An outbuilding with a sauna alongside an enclosed pergola. The side and front yard offer access to the front gates for RV parking. Schedule your tour of this beautiful home today!

428 Camino Santa Cruz, Espanola

$385,000
3 Beds 2 Baths 202602505 MLS 100 DOM
Charming Rural Retreat with Endless Potential in Arroyo Seco! Escape to the serene beauty of Northern New Mexico with this spacious 1,875-square-foot, two-story home nestled on a generous 0.83-acre lot. Perfectly situated in the highly desirable Arroyo Seco area, this property offers the ultimate rural lifestyle while keeping you within easy commuting distance to both Santa Fe and Los Alamos. Featuring a classic, durable pitched metal roof, this home provides a solid foundation for your personal touch. Inside, the two-story layout offers plenty of room to stretch out, while the exterior boasts an incredible, detached 1,200-square-foot garage—a dream setup for mechanics, hobbyists, woodworkers, or anyone needing massive extra storage. Key Highlights: Expansive 0.83-Acre Lot: A beautiful rural setting with abundant space for vibrant gardens, outdoor entertaining, or homesteading projects. Massive Detached Garage: 1,200 sq. ft. of versatile space separate from the main home. Utilities & Infrastructure: Equipped with a shared well. Unbeatable Value: The property needs some work and repairs, making it an incredible opportunity for investors, builders, or sweat-equity buyers looking to customize a home and capture instant value. Whether you are looking to design your dream rural oasis or capitalize on a fantastic investment opportunity, this Arroyo Seco gem is a must-see. Easy to show on short notice—schedule your private tour today and see the potential for yourself!

41 Ab W Arroyo Alamo, Espanola

$895,000
3 Beds 4 Baths 202601497 MLS 145 DOM
A rare opportunity to own a legacy property along the Rio Grande, held by the same family for generations and thoughtfully preserved for the future. Set on approximately 58 acres, the original owners chose to place the property into a conservation easement to protect its natural beauty, open space, and agricultural use, ensuring the land will remain largely unchanged for years to come. The land itself is both beautiful and highly usable, with a mix of bosque, open pasture, grassland, and river corridor. It offers privacy, wildlife, and a true connection to the landscape. Valuable acequia water rights with a 1695 priority date support farming, grazing, and equestrian use. There are two existing homes on the property totaling over 3,500 square feet. Each has its own character and history and could be used as-is, updated over time, or incorporated into a larger compound. There is also a designated approximately two-acre building envelope, allowing for a new custom home and additional structures if desired. While the conservation easement protects the land from overdevelopment, it still allows for residential use, agriculture, and low-impact recreational or retreat-style use. It’s a nice balance of being able to use the land while knowing it will stay protected. Whether someone is looking for a private retreat, a small ranch, a multigenerational setup, or simply a place with meaning and history, this is a property that doesn’t come along often.

76 & 78 County Road 114, Espanola

$895,000
3 Beds 4 Baths 202601465 MLS 145 DOM
A rare opportunity to own a legacy property along the Rio Grande, held by the same family for generations and thoughtfully preserved for the future. Set on approximately 58 acres, the original owners chose to place the property into a conservation easement to protect its natural beauty, open space, and agricultural use, ensuring the land will remain largely unchanged for years to come. The land itself is both beautiful and highly usable, with a mix of bosque, open pasture, grassland, and river corridor. It offers privacy, wildlife, and a true connection to the landscape. Valuable acequia water rights with a 1695 priority date support farming, grazing, and equestrian use. There are two existing homes on the property totaling over 3,500 square feet. Each has its own character and history and could be used as-is, updated over time, or incorporated into a larger compound. There is also a designated approximately two-acre building envelope, allowing for a new custom home or additional structures if desired. While the conservation easement protects the land from overdevelopment, it still allows for agriculture use, low-impact recreational or retreat-style use. It’s a nice balance of being able to use the land while knowing it will stay protected. Whether someone is looking for a private retreat, a small ranch, a multigenerational setup, or simply a place with meaning and history, this is a property that doesn’t come along often.

76 & 78 County Road 114, Espanola

$419,000
3 Beds 3 Baths 202600366 MLS 210 DOM
EAST PUEBLO: A Unique Home in a Prime Espanola Location Location is everything! This property on East Pueblo offers unparalleled access to all the amenities and attractions in and around Espanola. The home is situated on a spacious 0.96 acre lot, with portions already fenced—perfectly ready for a family to move in and enjoy. This unique residence is designed for flexible living and offers many desirable features: Detached Studio/Garage: 667 SQ FT. A heated, two-car garage near the home could also serve as an excellent studio space; it has a half bath. Expansion Potential: There is ample space on the lot for future expansion, should you desire it. Unique Bedroom Layout: One bedroom, complete with a 3/4 bath, is thoughtfully separated from the other sleeping areas, offering privacy. Year-Round Sunroom: 181 SQ FT. A charming, south-facing solarium provides a warm, indoor sanctuary ideal for gardening or simply soaking up the sun. Open-Concept Living & Dining: The kitchen and dining areas are open plan, complemented by a convenient coffee bar situated opposite the laundry area. Multiple Living Areas: The home boasts both a formal living room and an additional family room, ensuring plenty of space for entertaining and relaxation. Additional Bedrooms: The remaining bedrooms share a full bathroom. The seller will not make any repairs to the property. With so many wonderful features, both inside and out, this home truly must be seen to be appreciated!

718 E Pueblo, Espanola

$435,000
3 Beds 3 Baths 202504907 MLS 296 DOM
Discover a spacious and well-maintained 3-bedroom, 3-bath home with a 5-car garage, workshop, and RV parking—perfectly situated just north of Española. This 2,727 SF single-family home on a ¾-acre lot offers exceptional space, versatility, and convenience in a peaceful Northern New Mexico setting. Inside, you’ll find three bedrooms and three full bathrooms with a thoughtfully designed layout that provides comfortable, separate living areas. There is a wood-burning stove in the primary bedroom. The great room features updated flooring, recently replaced bay windows with Anderson windows, a wood-burning stove, mudroom, and wet bar. The laundry room includes a washer and dryer for added convenience. Perfect for car enthusiasts or hobbyists, the property includes a spacious 5-car garage with a dedicated workshop area and additional storage. There’s also covered RV parking under a large carport next to the garage, along with ample extra parking for guests or equipment.The property is gated for privacy and security, and the yard is fenced. The entire ¾-acre lot is fully enclosed together with the adjacent commercial property, which is also available for purchase (see MLS #202504908). Enjoy the best of both worlds—peaceful country living with easy access to Española’s shops and amenities, plus short commutes to Los Alamos and Santa Fe. This home offers space, function, and opportunity—ideal for those seeking a flexible Northern New Mexico property with room to grow. New septic system installed September 2025.

19344 Us 84/285, Espanola

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.