414 Calle Valdez, Espanola
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
| Metric | Value |
|---|---|
| Geographic bin used | Espanola |
| Data source board(s) | SFAR |
| Homes sold, last 12 months | 66 |
| 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 homes | 29 days |
| Months of inventory | 4.0 months |
| Active listings | 27 |
| Median active list price | $398,500 |
| Pending sales | 14 |
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
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.