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Inventory Metrics by Geography:
New Mexico

   
    Jul 2016    
 
 
    May 2023
Name May 2023 Apr 2023 May 2022 Units
State
Median Listing Price 		382,475 375,000 350,000 U.S. $
Average Listing Price 		578,173 568,864 540,041 U.S. $
Median Square Feet 		1,998 1,993 1,994 Level
Median Listing Price Per Square Feet 		193 191 176 U.S. $
Active Listing Count 		3,480 3,407 3,125 Level
Median Days On Market 		55 61 39 Level
New Listing Count 		2,298 1,944 2,820 Level
Price Increased Count 		96 100 134 Level
Price Reduced Count 		828 728 770 Level
Pending Listing Count 		2,089 1,962 2,853 Level
Metropolitan Areas
Alamogordo
Median Listing Price 		296,975 299,700 257,225 U.S. $
Average Listing Price 		371,299 391,887 390,462 U.S. $
Median Square Feet 		1,861 1,945 1,824 Level
Median Listing Price Per Square Feet 		166 166 147 U.S. $
Active Listing Count 		135 119 119 Level
Median Days On Market 		48 50 34 Level
New Listing Count 		72 76 108 Level
Price Increased Count 		0 0 4 Level
Price Reduced Count 		18 16 20 Level
Pending Listing Count 		84 83 143 Level
Albuquerque
Median Listing Price 		412,920 400,000 393,500 U.S. $
Average Listing Price 		527,112 528,442 482,845 U.S. $
Median Square Feet 		2,093 2,068 2,049 Level
Median Listing Price Per Square Feet 		210 206 196 U.S. $
Active Listing Count 		912 871 785 Level
Median Days On Market 		46 48 28 Level
New Listing Count 		1,018 872 1,338 Level
Price Increased Count 		80 60 96 Level
Price Reduced Count 		346 324 332 Level
Pending Listing Count 		1,304 1,243 1,727 Level
Carlsbad-Artesia
Median Listing Price 		298,750 290,000 246,500 U.S. $
Average Listing Price 		338,952 365,762 304,565 U.S. $
Median Square Feet 		1,962 2,043 1,769 Level
Median Listing Price Per Square Feet 		149 149 146 U.S. $
Active Listing Count 		114 109 160 Level
Median Days On Market 		49 76 39 Level
New Listing Count 		90 52 76 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		22 20 42 Level
Pending Listing Count 		2 5 24 Level
Clovis
Median Listing Price 		224,000 230,000 224,975 U.S. $
Average Listing Price 		248,349 259,224 254,780 U.S. $
Median Square Feet 		1,707 1,761 1,771 Level
Median Listing Price Per Square Feet 		121 123 120 U.S. $
Active Listing Count 		112 100 99 Level
Median Days On Market 		35 39 25 Level
New Listing Count 		94 68 92 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		22 20 28 Level
Pending Listing Count 		1 1 3 Level
Deming
Median Listing Price 		188,875 189,000 165,900 U.S. $
Average Listing Price 		230,726 234,063 184,640 U.S. $
Median Square Feet 		1,925 1,800 1,754 Level
Median Listing Price Per Square Feet 		117 118 93 U.S. $
Active Listing Count 		33 34 29 Level
Median Days On Market 		85 64 48 Level
New Listing Count 		12 16 28 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		4 4 2 Level
Pending Listing Count 		3 4 3 Level
Espanola
Median Listing Price 		459,500 397,500 601,000 U.S. $
Average Listing Price 		920,410 850,309 1,555,028 U.S. $
Median Square Feet 		2,084 2,001 2,675 Level
Median Listing Price Per Square Feet 		206 206 291 U.S. $
Active Listing Count 		65 52 56 Level
Median Days On Market 		77 163 55 Level
New Listing Count 		30 20 24 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		14 4 6 Level
Pending Listing Count 		22 29 29 Level
Farmington
Median Listing Price 		333,925 342,000 318,725 U.S. $
Average Listing Price 		464,500 466,954 432,891 U.S. $
Median Square Feet 		1,952 1,995 2,056 Level
Median Listing Price Per Square Feet 		173 169 159 U.S. $
Active Listing Count 		89 69 108 Level
Median Days On Market 		45 51 39 Level
New Listing Count 		64 64 108 Level
Price Increased Count 		0 0 2 Level
Price Reduced Count 		20 20 26 Level
Pending Listing Count 		116 110 157 Level
Gallup
Median Listing Price 		228,750 250,000 192,403 U.S. $
Average Listing Price 		234,186 236,574 271,467 U.S. $
Median Square Feet 		1,649 1,730 1,746 Level
Median Listing Price Per Square Feet 		130 129 102 U.S. $
Active Listing Count 		19 18 18 Level
Median Days On Market 		53 74 74 Level
New Listing Count 		10 8 12 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		4 0 8 Level
Pending Listing Count 		2 1 8 Level
Grants
Median Listing Price 		156,875 212,500 134,675 U.S. $
Average Listing Price 		221,655 299,415 225,582 U.S. $
Median Square Feet 		1,354 1,700 1,356 Level
Median Listing Price Per Square Feet 		107 112 97 U.S. $
Active Listing Count 		19 21 24 Level
Median Days On Market 		66 88 83 Level
New Listing Count 		10 12 10 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		6 4 8 Level
Pending Listing Count 		6 3 6 Level
Hobbs
Median Listing Price 		227,500 220,000 198,475 U.S. $
Average Listing Price 		272,848 261,207 249,742 U.S. $
Median Square Feet 		1,868 1,800 1,783 Level
Median Listing Price Per Square Feet 		114 113 131 U.S. $
Active Listing Count 		71 81 92 Level
Median Days On Market 		54 64 52 Level
New Listing Count 		58 48 44 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		18 12 10 Level
Pending Listing Count 		3 1 2 Level
Las Cruces
Median Listing Price 		353,525 349,925 338,818 U.S. $
Average Listing Price 		402,226 390,494 383,578 U.S. $
Median Square Feet 		1,973 1,960 2,046 Level
Median Listing Price Per Square Feet 		180 179 167 U.S. $
Active Listing Count 		710 703 606 Level
Median Days On Market 		58 53 45 Level
New Listing Count 		236 188 238 Level
Price Increased Count 		10 12 12 Level
Price Reduced Count 		78 76 50 Level
Pending Listing Count 		27 33 24 Level
Las Vegas
Median Listing Price 		231,750 270,000 247,600 U.S. $
Average Listing Price 		376,421 404,709 449,389 U.S. $
Median Square Feet 		1,548 1,591 1,680 Level
Median Listing Price Per Square Feet 		169 170 146 U.S. $
Active Listing Count 		66 65 42 Level
Median Days On Market 		121 141 65 Level
New Listing Count 		24 4 12 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		14 16 4 Level
Pending Listing Count 		18 12 20 Level
Los Alamos
Median Listing Price 		620,250 750,000 534,950 U.S. $
Average Listing Price 		651,715 738,836 551,828 U.S. $
Median Square Feet 		2,173 2,344 2,141 Level
Median Listing Price Per Square Feet 		291 310 248 U.S. $
Active Listing Count 		16 14 14 Level
Median Days On Market 		15 35 22 Level
New Listing Count 		30 24 20 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		4 0 8 Level
Pending Listing Count 		28 15 40 Level
Portales
Median Listing Price 		214,450 217,000 157,500 U.S. $
Average Listing Price 		241,645 242,703 176,487 U.S. $
Median Square Feet 		1,763 1,822 1,750 Level
Median Listing Price Per Square Feet 		128 113 88 U.S. $
Active Listing Count 		43 46 44 Level
Median Days On Market 		71 64 40 Level
New Listing Count 		16 16 30 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		12 4 18 Level
Pending Listing Count 		2 3 1 Level
Roswell
Median Listing Price 		295,000 269,450 253,750 U.S. $
Average Listing Price 		309,704 297,073 291,347 U.S. $
Median Square Feet 		2,154 2,105 1,910 Level
Median Listing Price Per Square Feet 		133 127 134 U.S. $
Active Listing Count 		91 137 145 Level
Median Days On Market 		58 68 45 Level
New Listing Count 		72 56 82 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		10 20 28 Level
Pending Listing Count 		3 1 1 Level
Santa Fe
Median Listing Price 		903,250 777,750 786,750 U.S. $
Average Listing Price 		1,558,900 1,497,119 1,531,776 U.S. $
Median Square Feet 		2,448 2,337 2,550 Level
Median Listing Price Per Square Feet 		383 369 380 U.S. $
Active Listing Count 		347 331 239 Level
Median Days On Market 		56 67 35 Level
New Listing Count 		222 188 252 Level
Price Increased Count 		6 0 10 Level
Price Reduced Count 		104 84 72 Level
Pending Listing Count 		282 267 336 Level
Silver City
Median Listing Price 		311,000 299,000 282,000 U.S. $
Average Listing Price 		421,391 502,536 439,449 U.S. $
Median Square Feet 		1,933 1,856 1,831 Level
Median Listing Price Per Square Feet 		175 182 172 U.S. $
Active Listing Count 		67 70 58 Level
Median Days On Market 		57 71 60 Level
New Listing Count 		18 32 32 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		12 8 6 Level
Pending Listing Count 		39 30 53 Level
Taos
Median Listing Price 		559,000 564,500 572,000 U.S. $
Average Listing Price 		727,269 733,153 812,921 U.S. $
Median Square Feet 		1,945 1,958 1,933 Level
Median Listing Price Per Square Feet 		319 328 331 U.S. $
Active Listing Count 		132 137 98 Level
Median Days On Market 		111 137 73 Level
New Listing Count 		48 32 54 Level
Price Increased Count 		2 0 4 Level
Price Reduced Count 		26 16 12 Level
Pending Listing Count 		57 50 161 Level
Counties
Bernalillo
Median Listing Price 		422,450 409,500 371,516 U.S. $
Average Listing Price 		553,018 559,963 471,973 U.S. $
Median Square Feet 		2,094 2,029 1,989 Level
Median Listing Price Per Square Feet 		211 208 192 U.S. $
Active Listing Count 		498 480 482 Level
Median Days On Market 		44 45 24 Level
New Listing Count 		668 592 954 Level
Price Increased Count 		36 28 62 Level
Price Reduced Count 		230 200 244 Level
Pending Listing Count 		829 775 1,198 Level
Total Listing Count 		1,330 1,255 1,678 Level
Pending Ratio 		1.6637 1.6146 2.4844 Ratio
Chaves
Median Listing Price 		295,000 269,450 253,750 U.S. $
Average Listing Price 		309,704 297,073 291,347 U.S. $
Median Square Feet 		2,154 2,105 1,910 Level
Median Listing Price Per Square Feet 		133 127 134 U.S. $
Active Listing Count 		91 137 145 Level
Median Days On Market 		58 68 45 Level
New Listing Count 		72 56 82 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		10 20 28 Level
Pending Listing Count 		3 1 1 Level
Total Listing Count 		94 138 146 Level
Pending Ratio 		0.0330 0.0073 0.0069 Ratio
Curry
Median Listing Price 		224,000 230,000 224,975 U.S. $
Average Listing Price 		248,349 259,224 254,780 U.S. $
Median Square Feet 		1,707 1,761 1,771 Level
Median Listing Price Per Square Feet 		121 123 120 U.S. $
Active Listing Count 		112 100 99 Level
Median Days On Market 		35 39 25 Level
New Listing Count 		94 68 92 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		22 20 28 Level
Pending Listing Count 		1 1 3 Level
Total Listing Count 		112 101 102 Level
Pending Ratio 		0.0090 0.0100 0.0253 Ratio
Dona Ana
Median Listing Price 		353,525 349,925 338,818 U.S. $
Average Listing Price 		402,226 390,494 383,578 U.S. $
Median Square Feet 		1,973 1,960 2,046 Level
Median Listing Price Per Square Feet 		180 179 167 U.S. $
Active Listing Count 		710 703 606 Level
Median Days On Market 		58 53 45 Level
New Listing Count 		236 188 238 Level
Price Increased Count 		10 12 12 Level
Price Reduced Count 		78 76 50 Level
Pending Listing Count 		27 33 24 Level
Total Listing Count 		733 728 629 Level
Pending Ratio 		0.0381 0.0469 0.0388 Ratio
Eddy
Median Listing Price 		298,750 290,000 246,500 U.S. $
Average Listing Price 		338,952 365,762 304,565 U.S. $
Median Square Feet 		1,962 2,043 1,769 Level
Median Listing Price Per Square Feet 		149 149 146 U.S. $
Active Listing Count 		114 109 160 Level
Median Days On Market 		49 76 39 Level
New Listing Count 		90 52 76 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		22 20 42 Level
Pending Listing Count 		2 5 24 Level
Total Listing Count 		115 114 185 Level
Pending Ratio 		0.0176 0.0459 0.1469 Ratio
Lea
Median Listing Price 		227,500 220,000 198,475 U.S. $
Average Listing Price 		272,848 261,207 249,742 U.S. $
Median Square Feet 		1,868 1,800 1,783 Level
Median Listing Price Per Square Feet 		114 113 131 U.S. $
Active Listing Count 		71 81 92 Level
Median Days On Market 		54 64 52 Level
New Listing Count 		58 48 44 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		18 12 10 Level
Pending Listing Count 		3 1 2 Level
Total Listing Count 		74 81 94 Level
Pending Ratio 		0.0426 0.0062 0.0164 Ratio
Mckinley
Median Listing Price 		228,750 250,000 192,403 U.S. $
Average Listing Price 		234,186 236,574 271,467 U.S. $
Median Square Feet 		1,649 1,730 1,746 Level
Median Listing Price Per Square Feet 		130 129 102 U.S. $
Active Listing Count 		19 18 18 Level
Median Days On Market 		53 74 74 Level
New Listing Count 		10 8 12 Level
Price Increased Count 		0 0 0 Level
Price Reduced Count 		4 0 8 Level
Pending Listing Count 		2 1 8 Level
Total Listing Count 		21 19 25 Level
Pending Ratio 		0.1053 0.0556 0.4286 Ratio
Otero
Median Listing Price 		296,975 299,700 257,225 U.S. $
Average Listing Price 		371,299 391,887 390,462 U.S. $
Median Square Feet 		1,861 1,945 1,824 Level
Median Listing Price Per Square Feet 		166 166 147 U.S. $
Active Listing Count 		135 119 119 Level
Median Days On Market 		48 50 34 Level
New Listing Count 		72 76 108 Level
Price Increased Count 		0 0 4 Level
Price Reduced Count 		18 16 20 Level
Pending Listing Count 		84 83 143 Level
Total Listing Count 		218 201 259 Level
Pending Ratio 		0.6208 0.6975 1.2068 Ratio
San Juan
Median Listing Price 		333,925 342,000 318,725 U.S. $
Average Listing Price 		464,500 466,954 432,891 U.S. $
Median Square Feet 		1,952 1,995 2,056 Level
Median Listing Price Per Square Feet 		173 169 159 U.S. $
Active Listing Count 		89 69 108 Level
Median Days On Market 		45 51 39 Level
New Listing Count 		64 64 108 Level
Price Increased Count 		0 0 2 Level
Price Reduced Count 		20 20 26 Level
Pending Listing Count 		116 110 157 Level
Total Listing Count 		204 183 268 Level
Pending Ratio 		1.3051 1.5942 1.4491 Ratio
Sandoval
Median Listing Price 		487,912 467,933 474,135 U.S. $
Average Listing Price 		568,143 546,911 556,335 U.S. $
Median Square Feet 		2,314 2,199 2,334 Level
Median Listing Price Per Square Feet 		220 216 209 U.S. $
Active Listing Count 		221 226 183 Level
Median Days On Market 		50 57 31 Level
New Listing Count 		228 212 266 Level
Price Increased Count 		22 24 18 Level
Price Reduced Count 		96 60 48 Level
Pending Listing Count 		302 280 371 Level
Total Listing Count 		527 509 555 Level
Pending Ratio 		1.3665 1.2389 2.0246 Ratio
Santa Fe
Median Listing Price 		903,250 777,750 786,750 U.S. $
Average Listing Price 		1,558,900 1,497,119 1,531,776 U.S. $
Median Square Feet 		2,448 2,337 2,550 Level
Median Listing Price Per Square Feet 		383 369 380 U.S. $
Active Listing Count 		347 331 239 Level
Median Days On Market 		56 67 35 Level
New Listing Count 		222 188 252 Level
Price Increased Count 		6 0 10 Level
Price Reduced Count 		104 84 72 Level
Pending Listing Count 		282 267 336 Level
Total Listing Count 		630 600 572 Level
Pending Ratio 		0.8127 0.8066 1.4067 Ratio
Valencia
Median Listing Price 		329,900 345,238 353,675 U.S. $
Average Listing Price 		400,606 403,287 403,992 U.S. $
Median Square Feet 		1,835 2,004 1,947 Level
Median Listing Price Per Square Feet 		195 189 189 U.S. $
Active Listing Count 		176 153 109 Level
Median Days On Market 		50 62 41 Level
New Listing Count 		124 84 110 Level
Price Increased Count 		34 8 14 Level
Price Reduced Count 		30 36 28 Level
Pending Listing Count 		163 163 143 Level
Total Listing Count 		337 311 251 Level
Pending Ratio 		0.9261 1.0654 1.3180 Ratio
   

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