08/25/2026
The median San Juan County home costs 80% more than it did in 2016. It's the same house.
That's the part that surprised me when I ran the numbers. I pulled every closed residential sale in the county from 2016 through last week, 9,810 of them, and I expected to find that buyers were simply buying bigger. They aren't. Median square footage sold in 2016 was 1,698. So far in 2026 it's 1,690. Eight square feet apart, ten years and $135,000 later.
A few other things the data turned up:
The under-$200,000 house has nearly vanished. There were 458 of them sold in 2016. There have been 71 so far this year. Those homes didn't go anywhere. They repriced.
Price went up 80%. The monthly payment went up 180%. Rates did that, and it's why a 2021 buyer paid roughly a 2016 payment on a house worth $33,000 more.
And here's the one I keep coming back to: sales volume is down 41% from the 2021 peak while prices keep climbing. That combination almost always points at supply. New construction here has fallen by more than half since 2016, and the median home selling in San Juan County today was built in 1987, same as it was a decade ago. We are trading the same aging houses at higher and higher prices.
Worth noting for anyone tracking this: 2026 is running warmer than 2025, not cooler. Through August 20, sales are up about 5%, the median is up about 7%, and more than half of homes are closing at or above asking.
Save this one. If you're thinking about listing, or you're moving here and trying to figure out what your money actually buys, these eleven slides will tell you more than any online estimate will. New Mexico is a non-disclosure state, so those estimates are working from incomplete information. This is verified MLS data.
Questions about what any of this means for your specific property or your budget? Call or text me.
Jodi Brown, Associate Broker Real Estate PROS | NMREC #45463 Office 505-588-7767 | Cell 505-860-6642
Past performance is not a guarantee of future results. This is general market information, not an appraisal or a competitive market analysis.