New Mexico Real Estate Market Trends & Home Values

New Mexico Market Overview

There have been 23,296 properties sold in the New Mexico real estate market trends. Median home values in the New Mexico housing market are $281,988. The median residential home value for transactions over the last 12 months is $278,728. The State of New Mexico currently has 1,272 properties in foreclosure, 29 bank owned properties, and 107 headed for auction.

New Mexico Home Values

$281,988

There are currently 2,833 properties for sale in New Mexico. The current home value ranges in price from $10,000 to $9,000,000. The total count of properties in the state is 768,263, and the percentage of properties for sale is 69.0%.

New Mexico Real Estate Market Overview

New Mexico Foreclosures Market Overview

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Search By County

County	Median Est. Value
Bernalillo County	$280,250 $181.22/sqft
Curry County	/sqft
Santa Fe County	$499,264 $296.00/sqft
Sandoval County	$310,614 $182.00/sqft
Eddy County	$223,200 $119.00/sqft
Valencia County	$223,051 $103.00/sqft
Dona Ana County	$209,018 $123.00/sqft
Torrance County	$183,516 $124.00/sqft
Chaves County	$105,998 $71.50/sqft
Otero County	$99,976 $68.00/sqft

There are 30 counties within New Mexico; within these counties, the median estimated home value for homes in foreclosure ranges from $4,629,951 in Santa Fe County to the lowest value of $16,644 in Chaves County. Foreclosure homes account for 0.17% of properties in New Mexico with Bernalillo County containing 589 foreclosures, the highest number of foreclosure properties in a single county.