Chaves County, NM Home Values & Market Trends

The median home price in Chaves County, NM is $158,001.55. There were 739 home sales in Chaves County, NM over the past 12 months. The median residential Chaves County, NM home value for transactions over the previous year is $30,524. The number of current listings in Chaves County, NM is 81, and the percentage of properties for sale is 81.00%. The county has 25 foreclosures, 10 bank owned properties, 15 headed for auction, and 81 properties for sale.

Chaves County, NM Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Roswell

$ 251,988

$ 127/sqft

Lake Arthur

$ 346,200

$ 161/sqft

Hagerman

$ --

$ --

Dexter

$ --

$ --

Housing Market Summary for Chaves County, NM

Apr 2023March 2024Change
Median Listing Price$202.5K$173.4K-14.39%
Median Sold Price$168.3K$173.4K3.03%
Homes For Sale1087770.00%
Homes Sold544400-26.47%
Price
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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%.

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Browse Homes in Chaves County, NM

Chaves County, NM home values range from $25,000 to $22,953,089. Lake Arthur is the priciest city with a median listing home price of $380,000, and Roswell is most affordable with average house prices of around $252,500.

Foreclosure
There are 4 cities within Chaves County, NM; within these cities, the median estimated home value for homes in foreclosure ranges from $320,271 in Roswell to the lowest value of $70,315 in Roswell. Foreclosure homes account for 0.00% of properties in Chaves County, NM with Roswell containing 25 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Chaves 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 4 cities within Chaves 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Chaves County, NM ranges from the highest value of $247,066 in Roswell to the lowest value of $70,315 in Roswell. Bank owned homes and properties account for 0.04% of properties in Chaves County, NM. There are 4 cities within Chaves County, NM; Roswell containing 10 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Roswell has 15 auction properties, the highest number of properties going to auction in a single city in the state of Chaves County, NM. Auction homes and other auction properties account for 0.06% of all properties in Chaves County, NM. There are 4 cities within Chaves County, NM; of those cities, the median estimated home value for homes going to auction ranges from $320,271 in Roswell to the lowest value of $74,007 in Roswell.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.34% of residential properties in Chaves County, NM with Roswell containing 78 homes for sale, the highest number of listed properties in a single city. There are 4 cities within Chaves County, NM; homes for sale in those cities, have a range of median values from $346,200 in Lake Arthur to the lowest value of $25,000 in Roswell.
    Sold Homes
    The median value for recently sold homes ranges from $95,740 in Lake Arthur to the lowest price of $31,298 in Lake Arthur. There are 4 cities within Chaves County, NM. Roswell has 439 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.93% of properties in Chaves County, NM.

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      Guide for Chaves County, NM

      Market Reports
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      Market Reports|posted 17 April 2024

      This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.

      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes Chaves County, NM

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