Why Live in Chama
Chama, a mountain village in northern New Mexico, offers a unique landscape at an elevation of around 7,800 feet. The area is characterized by its beautiful aspen, spruce, and ponderosa pine trees. Housing in Chama consists mainly of older homes with limited new development. Prospective buyers can find historic bungalows from the 1920s, Midcentury Modern cabins, and ranch-style homes, with amenities like city water and sewer services available within the village. On the outskirts, homes typically rely on well and septic systems. The Edward Sargent Wildlife Management Area provides ample outdoor attractions, including hunting, fishing, and hiking, with the Continental Divide Trail passing through Chama. The Cumbres and Toltec Scenic Railroad offers historic steam engine trips through the Rockies to Antonito, Colorado. Retail options are limited, with locally owned businesses and small malls lining Route 17, the village’s main street. Popular dining spots include Outlaw BBQ Company and My Mom and Dad’s Restaurant. State Road 17 serves as the main commuter route, connecting Chama to Santa Fe and Los Alamos, which are significant employment hubs for residents.
Home Trends in Chama, NM
On average, homes in Chama, NM sell after 107 days on the market compared to the national average of 50 days. The median sale price for homes in Chama, NM over the last 12 months is $196,500, up 146% from the median home sale price over the previous 12 months.
Median Sale Price
$196,500
Median Single Family Sale Price
$244,450
Average Price Per Sq Ft
$273
Number of Homes for Sale
35
Last 12 months Home Sales
40
Median List Price
$249,900
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
146%