Portales, NM Home Values & Market Trends
Real estate market trends reflect that there have been 208 transactions over the past year in Portales. The median value for residential home transactions that occurred over the previous year is $187,000. The number of current listings in Portales is 177, and the percentage of properties for sale in the city is 177.00%. Portales, NM currently has 11 properties in foreclosure, 3 bank owned properties, 0 properties headed for auction, and 177 properties for sale.
Portales, NM Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 88130 | $ 187,000 $ 108/sqft |
Housing Market Summary for Portales, NM
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $199K | $192K | -3.52% |
| Median Sold Price | $132.7K | $138.1K | 4.05% |
| Homes For Sale | 184 | 177 | -3.80% |
| Homes Sold | 69 | 180 | 160.87% |
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 Portales, NM
Browse Homes in Portales, NM
Portales home values range from $28,002 to $669,590. The median estimated value of a home in Portales is $187,000. The median list price of a home is 192,000, and the total count of properties in the city is 379.
- Pre-ForeclosurePre-foreclosure homes account for 2.11% of all residential properties in Portales, NM with 88130 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Portales, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $351,410 in 88130 to the lowest home value of $60,016 in 88130.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Portales, NM ranges from the highest value of $112,524 in 88130 to the lowest value of $79,000 in 88130. Bank owned homes and properties account for 0.79% of properties in Portales, NM. There is 1 zips within Portales, NM; 88130 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Portales, NM. Auction homes and other auction properties account for 0% of all properties in Portales, NM. There is 1 zips within Portales, NM; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Portales, 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 […]
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