Lea County, NM Home Values & Market Trends
The median home price in Lea County, NM is $169,260.44. There were 765 home sales in Lea County, NM over the past 12 months. The median residential Lea County, NM home value for transactions over the previous year is $0. The number of current listings in Lea County, NM is 48, and the percentage of properties for sale is 48.00%. The county has 18 foreclosures, 6 bank owned properties, 12 headed for auction, and 48 properties for sale.
Lea County, NM Real Estate Market Overview
Housing Market Summary for Lea County, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $210K | $202.7K | -3.48% |
| Median Sold Price | $172.5K | $202.7K | 17.52% |
| Homes For Sale | 50 | 60 | 20.00% |
| Homes Sold | 323 | 321 | -0.62% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lea County, NM
Browse Homes in Lea County, NM
Lea County, NM home values range from $25,415 to $15,759,814. Hobbs is the priciest city with a median listing home price of $259,900, and Jal is most affordable with average house prices of around $130,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lea County, NM with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 10 cities within Lea County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lea County, NM ranges from the highest value of $715,294 in Hobbs to the lowest value of $71,251 in Hobbs. Bank owned homes and properties account for 0.02% of properties in Lea County, NM. There are 10 cities within Lea County, NM; Hobbs containing 6 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsHobbs has 9 auction properties, the highest number of properties going to auction in a single city in the state of Lea County, NM. Auction homes and other auction properties account for 0.04% of all properties in Lea County, NM. There are 10 cities within Lea County, NM; of those cities, the median estimated home value for homes going to auction ranges from $389,026 in Lovington to the lowest value of $118,848 in Lovington.
Compare Nearby Cities
More Real Estate Resources for Lea County, NM
Guide for Lea County, NM
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