Lea County, NM Home Values & Market Trends
The median home price in Lea County, NM is $256,868. There were 754 home sales in Lea County, NM over the past 12 months. The median residential Lea County, NM home value for transactions over the previous year is $130,872. The number of current listings in Lea County, NM is 407, and the percentage of properties for sale is 407.00%. The county has 26 foreclosures, 15 bank owned properties, 11 headed for auction, and 407 properties for sale.
Lea County, NM Real Estate Market Overview
Housing Market Summary for Lea County, NM
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $179.9K | $182.4K | 1.42% |
| Median Sold Price | $176.7K | $183.5K | 3.84% |
| Homes For Sale | 320 | 406 | 26.88% |
| Homes Sold | 382 | 553 | 44.76% |
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 Lea County, NM
Browse Homes in Lea County, NM
Lea County, NM home values range from $35,839 to $1,002,139. Hobbs is the priciest city with a median listing home price of $195,000, and Jal is most affordable with average house prices of around $107,500.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lea 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 10 cities within Lea 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Lea County, NM ranges from the highest value of $319,424 in Hobbs to the lowest value of $95,380 in Lovington. Bank owned homes and properties account for 1.48% of properties in Lea County, NM. There are 10 cities within Lea County, NM; Hobbs containing 9 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsHobbs has 8 auction properties, the highest number of properties going to auction in a single city in the state of Lea County, NM. Auction homes and other auction properties account for 1.09% of all properties in Lea County, NM. There are 10 cities within Lea County, NM; of those cities, the median estimated home value for homes going to auction ranges from $324,690 in Eunice to the lowest value of $117,286 in Eunice.
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More Real Estate Resources for Lea County, NM
Guide for Lea County, NM
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
