Overview
Predictions
Supply
Demand
Hot
Spotlight
$400,000
18
3Bds
3Ba
1,715sqft
Single family home for sale
Congress Realty, Inc
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Written By Carol CFeatured Writer
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HotSpotlight485 Katrina Rd, Corona, NM 88318 Spotlight
3D Tour
Spotlight
Spotlight
3D Tour
6520 Desert Spirit Rd Nw, Albuquerque, NM 87114 
11100 Florence Ave Ne, Albuquerque, NM 87122
1007 21st Street Nw, Albuquerque, NM 87104
3D Tour
669 Yuma Desert, Chaparral, NM 880813D Tour
661 Yuma Desert, Chaparral, NM 88081 3D Tour
100 Bonnie Trl, Sunland Park, NM 88063 3D Tour
680 Yuma Desert, Chaparral, NM 88081 Hot
660 Yuma Desert, Chaparral, NM 88081 
Price Drop: $13.5K
Price Drop: $8.5K
New Construction
7312 Arvada Ave Ne, Albuquerque, NM 87110Price Drop: $3K
New Construction
3D Tour
6451 Shorty Pl, Las Cruces, NM 88007
904 Camino De Las Violeta, Belen, NM 87002
709 Los Viejos Dr Sw, Albuquerque, NM 87105
Greater Albuquerque AOR (SWMLS) MLS-NM
New MexicoHousing Market
New Mexico is a balanced market, giving buyers and sellers room to negotiate. With 3.9 months of supply and homes averaging 62 days on the market, you can make decisions without the pressure of a highly competitive market.
D
Reviewed By Deepika RHousing Market AnalystVerified Data
Updated Monthly
Fast Insights
Real-time Analytics
September 2026
Last updated
Live MLS Data |7,714 active homes tracked
|Data Sources:
Greater Albuquerque AOR (SWMLS) MLS-NM
#29 in Nation
New Mexico Real Estate Market Snapshot
MEDIAN HOME PRICE
$375,000↑ 3.89%
MORTGAGE RATES 30-YR 30-YR FIXED
6.23%↓ 0.58%
STATUS
Balanced Market
DAYS ON MARKET
62
↓ 4.62% YoY
INVENTORY
3,257
↓ 55.16% YoY
Is Now a Good Time to Buy or Sell in New Mexico? Here's What We Think.
It depends on your goals, but New Mexico offers a relatively balanced market for both buyers and sellers. Homes are averaging 62 days on the market, with 3.9 months of supply. The median sale price is $375,000, and home sales saw a 17.03% change from last year. Buyers have room to negotiate, while sellers can still attract serious interest.
Median Sale Price
$375,000
↑ 3.89%YoY
Homes Sold
833
↓ 17.03%YoY
Median Days on Market
62
↓ 4.62YoY
What this chart showsMedian Sale Price
This metric shows how home prices are trending in New Mexico. A rising median price can point to stronger demand or limited inventory, while a falling price may give buyers more room to negotiate.
Median Sale Price Trend
AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years
New Mexico
Updated MonthlyLast Updated: September 2026
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View detailed city insights.
New Mexico Housing Market Forecast for 2026
New Mexico's housing market is expected to be balanced in 2026, with modest price growth, steady inventory, and stable conditions for both buyers and sellers. Sellers who'd rather not wait it out can still get multiple cash offers in New Mexico right now.
Market Outlook:
- Home prices expected to rise modestly by 2-4%, reflecting sustainable growth
- Months of supply forecast to sit around 4-6, keeping the market steady
- Neither buyers nor sellers hold a clear advantage, keeping negotiations balanced
Will the New Mexico Housing Market Crash in 2026?
Expert consensus points to no. New Mexico benefits from strong buyer demand and limited housing supply, conditions that support prices rather than undermine them. Sellers should expect continued interest and quick sales through 2026, with little pressure to discount.
UnlikelyCrash MeterLikely
Current Market Indicators
Days on Market:
62 days
Months of Supply:
3.9 months
Sale-to-List Ratio:
0%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%
Is There Enough Inventory in New Mexico Right Now?
New Mexico has a steady flow of homes coming onto the market, keeping inventory relatively balanced. There are currently 3,257 active listings and 3.9 months of supply, giving buyers a reasonable selection without creating excessive competition among sellers. There were 1,089 new listings last month, while inventory changed by 55.16% year-over-year.
Homes for Sale
3,257
↓ 55.16%YoY
Newly Listed Homes
1,089
↓ 13.98%YoY
Months of Supply
3.9
↓ 45.83%YoYBalanced Market
What this chart showsHomes for Sale
This chart shows the total number of homes currently available for sale in New Mexico. Rising inventory gives buyers more options, while fewer homes for sale can increase competition and give sellers more leverage.
Homes for Sale Trend
AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years
New Mexico
Updated MonthlyLast Updated: September 2026
Are Buyers or Sellers Controlling the New Mexico Market?
Buyers and sellers have relatively equal footing in the New Mexico housing market. Homes are selling for None% of their asking price, and price reductions saw no change year-over-year. Neither side has a clear advantage, leaving room for both to negotiate.
Homes Sold Above List Price
0%
↓ 0%YoY
What this chart showsSold Above List
The line tracks the share of homes selling above their asking price over time. A rising trend signals strong buyer competition and bidding wars, while a falling trend suggests that competition is easing.
Homes Sold Above List Price Trend
AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years
New Mexico
Updated MonthlyLast Updated: September 2026
Explore New Mexico Housing Markets by City
Compare median listing prices, homes sold, and newly listed properties across New Mexico's top cities.
Housing Market by City
CityMedian PriceMedian Listing PriceHomes SoldNewly ListedDays on MarketMonths of SupplyTrendMarket Trend
WHERE TO BUY NEXT
Best Places to Live in New Mexico
Ranked on affordability, safety, and quality of life. Click a side card to focus it, or the focused card to see full rankings.
#3 BEST PLACE
albuquerque, NM
MEDIAN PRICE
$365,000
DAYS ON MARKET
55
MEDIAN HOME RENT
$1,680
#1 BEST PLACE
santa fe, NM
MEDIAN PRICE
$550,000
DAYS ON MARKET
47
MEDIAN HOME RENT
$2,400
#2 BEST PLACE
rio rancho, NM
MEDIAN PRICE
$390,000
DAYS ON MARKET
62
MEDIAN HOME RENT
$2,100
Find Your Perfect New Mexico Home Now
7,714 homes for sale in New MexicoHotSpotlightSpotlight3D TourSpotlightSpotlight3D Tour$363,000
7
4Bds
2Ba
1,556sqft
Single family home for sale
The Maez Group
$839,000
16
4Bds
3Ba
2,788sqft
Single family home for sale
Realty One Of New Mexico
$389,000
9
4Bds
2Ba
2,311sqft
Single family home for sale
Realty One Of New Mexico
3D Tour$298,950
12
4Bds
2Ba
1,539sqft
Single family home for sale
3D Tour$313,950
17
4Bds
2Ba
1,617sqft
Single family home for sale
3D Tour$385,000
22
4Bds
3Ba
2,000sqft
Single family home for sale
Home Pros Real Estate Group
3D Tour$291,950
15
3Bds
2Ba
1,500sqft
Single family home for sale
Hot$315,950
18
3Bds
2Ba
1,629sqft
Sale Pending
Price Drop: $13.5KPrice Drop: $8.5KNew Construction$389,000
5
4Bds
2Ba
2,191sqft
Single family home for sale
Exp Realty Llc
Price Drop: $3KNew Construction3D Tour$174,999
1
3Bds
2Ba
1,344sqft
Manufactured home for sale
Jpar (Ofc4312)
$305,000
14
5Bds
3Ba
2,482sqft
Single family home for sale
Gerald Chavez Realty Inc
$300,000
8
4Bds
3Ba
2,064sqft
Sale Pending
Coldwell Banker Legacy
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Frequently Asked Questions
How have home prices changed in New Mexico over the past year?
New Mexico's median home price is currently $375,000, a marginal change year-over-year. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.
Are home prices dropping in New Mexico?
Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in New Mexico home prices through 2026, although increased inventory may moderate prices in overvalued areas.
What's the average price for a house in New Mexico?
The average cost of a home in New Mexico typically ranges from $219,900 for condos to $389,925 for single-family homes, depending on location, size, and market conditions.
What are the New Mexico housing market predictions in 2026 and beyond?
The housing market in New Mexico is expected to stabilize in 2026, alongside rising mortgage rates. Our housing market predictions suggest that the supply of New Mexico houses should increase enough to stabilize price growth.
What is a good time to buy a home in New Mexico?
Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in New Mexico. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in New Mexico.
What are the steps to buying houses in New Mexico?
As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in New Mexico, you should get a mortgage pre-approval and budget for a down payment of at least 10%.
How can I list my home for sale in New Mexico?
You can list your home for sale with a Flat Fee MLS New Mexico listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in New Mexico?
The average mortgage rate for buyers in the New Mexico real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.
When will the housing market crash in New Mexico?
A housing market crash in New Mexico is unlikely in the near future. Prices remain well above pre-COVID levels and continue to show resilience. Most forecasts point to slower growth or mild corrections rather than a sharp drop through 2026. However, it is wise to track local market trends and expert forecasts before making an investment decision.
Our MLS data sources
All sources updated daily
Median prices, rents and active inventory aggregated from MLS systems across New Mexico.
Important Legal Disclosures
*Based on Houzeo calculations of home data from MLS and/or public records.
“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.
All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.
Based on information from the Greater El Paso Association of REALTORS® (alternatively, from GEPAR) from the Multiple Listing Service through Oct 28, 2026, 2:15 PM. Neither the Board nor GEPAR guarantees or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the Board or GEPAR may not reflect all real estate activity in the market. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Greater El Paso Association of Realtors.
Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 28, 2026, 2:15 PM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service.
© 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.