Eddy County, NM Home Values & Market Trends
The median home price in Eddy County, NM is $168,775.27. There were 725 home sales in Eddy County, NM over the past 12 months. The median residential Eddy County, NM home value for transactions over the previous year is $142,450. The number of current listings in Eddy County, NM is 28, and the percentage of properties for sale is 28.00%. The county has 21 foreclosures, 7 bank owned properties, 6 headed for auction, and 28 properties for sale.
Eddy County, NM Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Carlsbad | $ 347,543 $ 174/sqft | Loving | $ -- $ -- |
Artesia | $ 365,000 $ 190/sqft | Malaga | $ -- $ -- |
Hope | $ 122,900 $ 174/sqft | Lakewood | $ -- $ -- |
Loco Hills | $ -- $ -- | Whites City | $ -- $ -- |
Housing Market Summary for Eddy County, NM
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $243.9K | $203.5K | -16.60% |
Median Sold Price | $193.4K | $203.5K | 5.20% |
Homes For Sale | 50 | 25 | -50.00% |
Homes Sold | 374 | 380 | 1.60% |
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 Eddy County, NM
Browse Homes in Eddy County, NM
Eddy County, NM home values range from $22,999 to $2,734,913. Carlsbad is the priciest city with a median listing home price of $334,500, and Hope is most affordable with average house prices of around $80,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Eddy County, NM with Carlsbad containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Eddy County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $421,954 in Carlsbad to the lowest home value of $91,838 in Carlsbad.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Eddy County, NM ranges from the highest value of $322,776 in Artesia to the lowest value of $138,904 in Carlsbad. Bank owned homes and properties account for 0.03% of properties in Eddy County, NM. There are 8 cities within Eddy County, NM; Carlsbad containing 5 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsCarlsbad has 5 auction properties, the highest number of properties going to auction in a single city in the state of Eddy County, NM. Auction homes and other auction properties account for 0.03% of all properties in Eddy County, NM. There are 8 cities within Eddy County, NM; of those cities, the median estimated home value for homes going to auction ranges from $161,134 in Artesia to the lowest value of $103,647 in Artesia.
Compare Nearby Cities
More Real Estate Resources for Eddy County, NM
Guide for Eddy County, NM
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
We list the key factors and strategies to consider when deciding which real estate market to invest in.
The Garland real estate market shows signs of steady growth and stability, with average property values and per square foot prices seeing modest increases.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.