2026 Market Report & Data · Data through May 2026 · Source: Redfin
$396K
Median Price
53
Days on Market
4.9
Months Supply
+6.6%
YoY Change
Balanced Market
Market Type
22
cities with 6+ months supply
44
cities with 3-6 months supply
88
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Laguna | $11K | 216d |
| 2. Salem | $15K | 203d |
| 3. Rio Lucio | $20K | 195d |
| 4. Morningside | $24K | 461d |
| 5. Livingston Wheeler | $30K | 98d |
| 6. North Hurley | $40K | 553d |
| 7. Stoneridge | $40K | 211d |
| 8. Abiquiu | $41K | 67d |
| 9. Hanover | $45K | 492d |
| 10. Totah Vista | $45K | 449d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Fort Wingate | $11.00M | 515d |
| 2. Tesuque | $3.20M | d |
| 3. Encantado | $2.15M | 60d |
| 4. La Tierra | $2.06M | 53d |
| 5. Hyde Park | $1.62M | 42d |
| 6. Las Campanas | $1.48M | 105d |
| 7. Jacona | $1.38M | 112d |
| 8. Conejo | $1.36M | 33d |
| 9. Tano Road | $1.28M | 107d |
| 10. Pojoaque | $1.11M | 33d |
22 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Santa Teresa | 26.0 mo | $470K | 325d |
| 2. Española | 16.0 mo | $545K | 250d |
| 3. Espanola | 16.0 mo | $545K | 250d |
| 4. Ruidoso | 15.8 mo | $348K | 49d |
| 5. Tesuque | 12.0 mo | $3.20M | d |
| 6. Grants | 11.5 mo | $131K | 423d |
| 7. Deming | 11.0 mo | $237K | 149d |
| 8. Tularosa | 10.0 mo | $160K | 59d |
| 9. Picacho Hills | 9.6 mo | $470K | 139d |
| 10. Sunland Park | 9.5 mo | $365K | 105d |
88 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. La Huerta | 0.3 mo | $400K | 26d |
| 2. Sunshine | 0.5 mo | $185K | 101d |
| 3. White Rock | 0.6 mo | $555K | 9d |
| 4. Flora Vista | 0.7 mo | $330K | 67d |
| 5. South River | 0.7 mo | $530K | 38d |
| 6. Los Alamos | 0.8 mo | $540K | 8d |
| 7. Angustura | 1.0 mo | $102K | 204d |
| 8. Anthony | 1.0 mo | $190K | 27d |
| 9. Bent | 1.0 mo | $350K | 225d |
| 10. Bluewater Acres | 1.0 mo | $70K | 73d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Doña Ana | 1d | $215K |
| 2. Organ | 1d | $340K |
| 3. Dixon | 2d | $350K |
| 4. Fairacres | 2d | $350K |
| 5. Pinehaven | 2d | $310K |
| 6. Jamestown | 3d | $200K |
| 7. West Hammond | 3d | $375K |
| 8. Pueblo | 4d | $450K |
| 9. Center Point | 6d | $365K |
| 10. Columbus | 6d | $190K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Lovington | +49.7% | $270K |
| 2. Portales | +47.5% | $140K |
| 3. Gallup | +40.0% | $315K |
| 4. Eldorado at Santa Fe | +21.0% | $870K |
| 5. Sunland Park | +20.9% | $365K |
| 6. Clovis | +8.9% | $245K |
| 7. Carlsbad | +8.2% | $334K |
| 8. Ruidoso | +4.7% | $348K |
| 9. Las Cruces | +2.5% | $306K |
| 10. Artesia | +2.2% | $279K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Las Campanas | -43.6% | $1.48M |
| 2. Los Alamos | -15.2% | $540K |
| 3. Hobbs | -12.0% | $280K |
| 4. Silver City | -8.5% | $215K |
| 5. Alamogordo | -7.3% | $232K |
| 6. Roswell | -6.3% | $202K |
| 7. Farmington | -5.0% | $304K |
| 8. Santa Fe | -2.2% | $548K |
The New Mexico housing market currently shows balanced market conditions, with a median sale price of $396K and 4.9 months of inventory supply. Homes in New Mexico typically sell in 53 days.
Whether you're buying or selling in New Mexico, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across New Mexico provides expert guidance tailored to your specific city and neighborhood.
New Mexico is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in New Mexico is approximately $396K as of May 2026. Prices range significantly across the state, with Fort Wingate among the most expensive areas and Laguna offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in New Mexico vary by city and market conditions. The fastest-selling markets include Doña Ana with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in New Mexico depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target New Mexico market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across New Mexico to help you find the right match.
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