New Mexico Home Values & Market Trends
There have been 21,698 properties sold in the New Mexico real estate market trends. Median home values in the New Mexico housing market are $365,521. The median residential home value for transactions over the last 12 months is 244,442. The State of New Mexico currently has 887 properties in foreclosure, 195 bank owned properties, and 208 headed for auction.
New Mexico Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Bernalillo | $ 367,921 $ 218/sqft | Sierra | $ 258,535 $ 154/sqft |
| Sandoval | $ 411,033 $ 223/sqft | Mckinley | $ 223,744 $ -- |
| Santa Fe | $ 677,387 $ 369/sqft | Torrance | $ 280,154 $ 164/sqft |
| Valencia | $ 321,087 $ 172/sqft | Rio Arriba | $ 399,729 $ 210/sqft |
| Otero | $ 268,243 $ 164/sqft | Cibola | $ 164,154 $ 124/sqft |
| San Juan | $ 324,398 $ 195/sqft | Curry | $ 195,079 $ 112/sqft |
| Chaves | $ 220,000 $ 134/sqft | Socorro | $ 225,645 $ 144/sqft |
| Lincoln | $ 358,644 $ 180/sqft | Catron | $ 314,703 $ 206/sqft |
| Eddy | $ 280,000 $ 161/sqft | Quay | $ 109,970 $ 69/sqft |
| Lea | $ 256,868 $ 145/sqft | Union | $ 140,409 $ 85/sqft |
| Los Alamos | $ 663,025 $ 309/sqft | Guadalupe | $ 179,900 $ 129/sqft |
| Colfax | $ 373,015 $ 253/sqft | Mora | $ 248,500 $ 220/sqft |
| Grant | $ 282,235 $ 172/sqft | Hidalgo | $ 236,419 $ -- |
| Luna | $ 217,000 $ 155/sqft | De Baca | $ 174,148 $ -- |
| Roosevelt | $ 186,000 $ 108/sqft | Doña Ana | $ -- $ -- |
| San Miguel | $ 306,957 $ 189/sqft | Harding | $ -- $ -- |
| Taos | $ 635,000 $ 360/sqft |
Housing Market Summary for New Mexico
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $392K | $398.6K | 1.69% |
| Median Sold Price | $322.6K | $309.2K | -4.16% |
| Homes For Sale | 22,847 | 27,981 | 22.47% |
| Homes Sold | 9,023 | 13,100 | 45.18% |
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 27,985 properties for sale in New Mexico. The current home value ranges in price from 5,000 to 15,000,000. The total count of properties in the state is 42,719, and the percentage of properties for sale is 27985.00%.
- Pre-ForeclosurePre-foreclosure homes account for 1.13% of all residential properties in New Mexico with Bernalillo containing 235 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 $1,463,970 in Los Alamos to the lowest home value of $60,016 in Roosevelt.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Mexico ranges from the highest value of $1,328,724 in Taos to the lowest value of $35,051 in Chaves. Bank owned homes and properties account for 0.46% of properties in New Mexico. There are 33 counties within New Mexico; Bernalillo containing 46 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBernalillo has 60 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 0.49% 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 $728,934 in Rio Arriba to the lowest value of $48,260 in Rio Arriba.
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Guide for New Mexico
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.
