Luna County, NM Home Values & Market Trends

The median home price in Luna County, NM is $160,344.16. There were 128 home sales in Luna County, NM over the past 12 months. The median residential Luna County, NM home value for transactions over the previous year is $0. The number of current listings in Luna County, NM is 31, and the percentage of properties for sale is 31.00%. The county has 3 foreclosures, 1 bank owned properties, 2 headed for auction, and 31 properties for sale.

Luna County, NM Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Deming

$ 201,136

$ 209/sqft

Columbus

$ --

$ --

Housing Market Summary for Luna County, NM

Apr 2023March 2024Change
Median Listing Price$159.5K$166K4.09%
Median Sold Price$172.4K$166K-3.70%
Homes For Sale243650.00%
Homes Sold7264-11.11%
Price
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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%.

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Browse Homes in Luna County, NM

Luna County, NM home values range from $29,557 to $1,200,000. Deming is the priciest city with a median listing home price of $200,000, and Deming is most affordable with average house prices of around $200,000.

Foreclosure
There are 2 cities within Luna County, NM; within these cities, the median estimated home value for homes in foreclosure ranges from $270,388 in Deming to the lowest value of $92,860 in Deming. Foreclosure homes account for 0.00% of properties in Luna County, NM with Deming containing 3 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Luna 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 2 cities within Luna 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Luna County, NM ranges from the highest value of $92,860 in Deming to the lowest value of $92,860 in Deming. Bank owned homes and properties account for 0.01% of properties in Luna County, NM. There are 2 cities within Luna County, NM; Deming containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Deming has 2 auction properties, the highest number of properties going to auction in a single city in the state of Luna County, NM. Auction homes and other auction properties account for 0.02% of all properties in Luna County, NM. There are 2 cities within Luna County, NM; of those cities, the median estimated home value for homes going to auction ranges from $270,388 in Deming to the lowest value of $178,700 in Deming.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.24% of residential properties in Luna County, NM with Deming containing 31 homes for sale, the highest number of listed properties in a single city. There are 2 cities within Luna County, NM; homes for sale in those cities, have a range of median values from $1,200,000 in Deming to the lowest value of $41,307 in Deming.
    Sold Homes
    The median value for recently sold homes ranges from $130,337 in Columbus to the lowest price of $42,925 in Columbus. There are 2 cities within Luna County, NM. Deming has 75 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 0.60% of properties in Luna County, NM.

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      Guide for Luna County, NM

      Market Reports
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      Market Reports|posted 17 April 2024

      This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.

      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Recently Listed Homes Luna County, NM

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