RealTrends Market Report
New Mexico, NM
Single-Family Homes
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New Mexico, NM
Sat Apr 27 2024
This week the median list price for New Mexico, NM is $399,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 3,420.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $399,000 | |
| Median Price of New Listings | $391,900 | |
| Per Square Foot | $199 | |
| Average Days on Market | 105 | |
| Median Days on Market | 56 | |
| Price Decreased | 29% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 3,420 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
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Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $895,000 | 3,100 | 1 - 2.5 acres | 4 | 3 | 24 | 83 | 61 | 84 |
| $485,000 | 2,270 | 0.25 - 0.5 acre | 3 | 2.5 | 19 | 110 | 123 | 49 |
| $344,000 | 1,809 | 6,500 - 8,000 sqft | 3 | 2 | 20 | 118 | 144 | 49 |
| $190,500 | 1,429 | 8,000 - 10,000 sqft | 3 | 2 | 59 | 94 | 115 | 56 |