Otero County, NM Home Values & Market Trends
The median home price in Otero County, NM is $168,514.97. 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 183, and the percentage of properties for sale is 183.00%. The county has 24 foreclosures, 8 bank owned properties, 4 headed for auction, and 183 properties for sale.
Otero County, NM Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Alamogordo | $ 236,642 $ 135/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 0.06% of all residential properties in Otero County, NM with Alamogordo containing 7 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 0.02% 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
Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac
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