Otero County, NM Home Values & Market Trends
The median home price in Otero County, NM is $168,478.61. There were 1,006 home sales in Otero County, NM over the past 12 months. The median residential Otero County, NM home value for transactions over the previous year is $81,250. The number of current listings in Otero County, NM is 187, and the percentage of properties for sale is 187.00%. The county has 22 foreclosures, 8 bank owned properties, 3 headed for auction, and 187 properties for sale.
Otero County, NM Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Alamogordo | $ 240,104 $ 139/sqft | Orogrande | $ -- $ -- |
| Tularosa | $ 160,700 $ 112/sqft | Pinon | $ -- $ -- |
| Cloudcroft | $ 405,199 $ 215/sqft | Timberon | $ -- $ -- |
| Mayhill | $ 873,905 $ 367/sqft | Holloman Air Force Base | $ -- $ -- |
| La Luz | $ 371,853 $ 131/sqft | Bent | $ -- $ -- |
| High Rolls Mountain Park | $ 462,261 $ 123/sqft | Mescalero | $ -- $ -- |
| Sacramento | $ -- $ -- | Sunspot | $ -- $ -- |
| Weed | $ -- $ -- |
Housing Market Summary for Otero County, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $207.4K | $193.1K | -6.88% |
| Median Sold Price | $189.9K | $193.1K | 1.71% |
| Homes For Sale | 146 | 175 | 19.86% |
| Homes Sold | 627 | 505 | -19.46% |
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 Otero County, NM
Browse Homes in Otero County, NM
Otero County, NM home values range from $25,294 to $1,897,948. Mayhill is the priciest city with a median listing home price of $1,405,000, and Tularosa is most affordable with average house prices of around $169,500.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Otero County, NM with Alamogordo containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 15 cities within Otero County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $233,105 in Tularosa to the lowest home value of $93,861 in Alamogordo.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Otero County, NM ranges from the highest value of $581,221 in Cloudcroft to the lowest value of $44,900 in Alamogordo. Bank owned homes and properties account for 0.04% of properties in Otero County, NM. There are 15 cities within Otero County, NM; Alamogordo containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsTularosa has 2 auction properties, the highest number of properties going to auction in a single city in the state of Otero County, NM. Auction homes and other auction properties account for 0.01% of all properties in Otero County, NM. There are 15 cities within Otero County, NM; of those cities, the median estimated home value for homes going to auction ranges from $39,651 in Alamogordo to the lowest value of $39,651 in Alamogordo.
Compare Nearby Cities
More Real Estate Resources for Otero County, NM
Guide for Otero County, NM
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