New Mexico Home Values & Market Trends
There have been 22,513 properties sold in the New Mexico real estate market trends. Median home values in the New Mexico housing market are $294,070.1. The median residential home value for transactions over the last 12 months is 163,723.646. The State of New Mexico currently has 406 properties in foreclosure, 129 bank owned properties, and 128 headed for auction.
New Mexico Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Bernalillo | $ 364,950 $ 194/sqft | Mckinley | $ 174,900 $ 127/sqft |
Sandoval | $ 378,527 $ 200/sqft | Quay | $ 160,529 $ 108/sqft |
Otero | $ 259,579 $ 147/sqft | San Miguel | $ 175,503 $ 147/sqft |
San Juan | $ 284,500 $ 159/sqft | Torrance | $ 180,000 $ 101/sqft |
Valencia | $ 297,400 $ 159/sqft | Cibola | $ 102,541 $ 75/sqft |
Santa Fe | $ 607,521 $ 381/sqft | Catron | $ 167,500 $ -- |
Chaves | $ 195,397 $ 118/sqft | Socorro | $ 185,756 $ 102/sqft |
Curry | $ 233,668 $ 101/sqft | Los Alamos | $ -- $ -- |
Grant | $ 289,790 $ 148/sqft | Guadalupe | $ 225,000 $ 154/sqft |
Colfax | $ 404,874 $ 249/sqft | Rio Arriba | $ 107,248 $ 31/sqft |
Lea | $ 230,278 $ 119/sqft | Hidalgo | $ 95,000 $ 93/sqft |
Roosevelt | $ 182,180 $ 101/sqft | Doña Ana | $ -- $ -- |
Luna | $ 200,000 $ 126/sqft | Harding | $ -- $ -- |
Taos | $ 649,500 $ 411/sqft | Union | $ -- $ -- |
Lincoln | $ 461,352 $ 232/sqft | Mora | $ -- $ -- |
Sierra | $ 224,000 $ 136/sqft | De Baca | $ -- $ -- |
Eddy | $ 299,509 $ 171/sqft |
Housing Market Summary for New Mexico
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $320K | $308.4K | -3.62% |
Median Sold Price | $290.3K | $308.4K | 6.26% |
Homes For Sale | 2,204 | 2,676 | 21.42% |
Homes Sold | 13,705 | 12,694 | -7.38% |
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 New Mexico
Browse Homes in New Mexico
There are currently 2,682 properties for sale in New Mexico. The current home value ranges in price from 11,000 to 4,950,000. The total count of properties in the state is 761,789, and the percentage of properties for sale is 2682.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in New Mexico with Bernalillo containing 83 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 33 counties within New Mexico; of those counties, the estimated home value for pre-foreclosure homes ranges from $608,896 in Lincoln to the lowest home value of $88,847 in Eddy.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Mexico ranges from the highest value of $560,500 in Sandoval to the lowest value of $44,900 in Otero. Bank owned homes and properties account for 0.02% of properties in New Mexico. There are 33 counties within New Mexico; Bernalillo containing 35 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBernalillo has 40 auction properties, the highest number of properties going to auction in a single county in the state of New Mexico. Auction homes and other auction properties account for 0.02% of all properties in New Mexico. There are 33 counties within New Mexico; of those counties, the median estimated home value for homes going to auction ranges from $583,387 in Mckinley to the lowest value of $33,317 in Mckinley.
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More Real Estate Resources for New Mexico
Guide for New Mexico
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
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