Otero County, NM Real Estate & Property Data
Last Updated: May 02, 2024
With up-to-date real estate data get detailed insight into Otero County, NM sourced from the nation’s leading property data provider. The current median home price in Otero County, NM is $230,676. Otero County real estate data shows that there have been a total of 1,078 residential properties sold over the past 12 months.
Total Residential Properties 21,021
Total Commercial Properties 961
Avg. Home Age (Single Family Home) 45 Years
Avg. Square Feet (Single Family Home) 1,620
Total 2024 Residential Sales (year-to-date) 209
% of Homes Seriously Underwater (Q2 2024) 1.51%
Total 2023 Residential Sales 1,026
% of Equity Rich Homes (Q2 2024) 12.01%
Effective 2023 Property Tax 0.53%
Total Foreclosure Filings (year-to-date) 9
Otero County, NM Real Estate Overview
There were 1,078 residential properties sold in the past year in Otero County, NM. The median home value in Otero County, NM is $168,200. There are a total of 21,021 residential properties in the Otero.
Median Sales Price i
$230,676
(Mar 2024)
+12.7%
year-over-year
y-o-y
- March '24 Mar '24 $230,676
- February '24 Feb '24 $218,750
- January '24 Jan '24 $231,444
- December '23 Dec '23 $252,434
- November '23 Nov '23 $195,527
- October '23 Oct '23 $207,298
- September '23 Sep '23 $235,929
- August '23 Aug '23 $189,247
- July '23 Jul '23 $229,099
- June '23 Jun '23 $206,031
- May '23 May '23 $211,914
- April '23 Apr '23 $209,611
Median Down Payment i
$47,625
(Mar 2024)
+26.9%
year-over-year
y-o-y
- March '24 Mar '24 $47,625
- February '24 Feb '24 $31,875
- January '24 Jan '24 $42,894
- December '23 Dec '23 $26,838
- November '23 Nov '23 $38,824
- October '23 Oct '23 $25,000
- September '23 Sep '23 $33,000
- August '23 Aug '23 $28,850
- July '23 Jul '23 $60,269
- June '23 Jun '23 $39,000
- May '23 May '23 $40,283
- April '23 Apr '23 $30,756
Number of Homes Sold i
90
(Mar 2024)
-25%
year-over-year
y-o-y
- March '24 Mar '24 90
- February '24 Feb '24 67
- January '24 Jan '24 52
- December '23 Dec '23 67
- November '23 Nov '23 77
- October '23 Oct '23 81
- September '23 Sep '23 72
- August '23 Aug '23 105
- July '23 Jul '23 85
- June '23 Jun '23 96
- May '23 May '23 92
- April '23 Apr '23 74
Number of Purchase Loans i
58
(Mar 2024)
year-over-year
y-o-y
Number of REFI Loans i
26
(Mar 2024)
+44.4%
year-over-year
y-o-y
Number of HELOC Loans i
5
(Mar 2024)
+400%
year-over-year
y-o-y
Otero County, NM Real Estate Market Overview
Last 30 days- CityMedian Est. Value
- CityMedian Est. Value
- CityMedian Est. Value
- $168,200 $103.8/sqft
- $219,600 $121.96/sqft
- $144,010 $86.34/sqft
- $266,117 $175.14/sqft
- $133,418 $89.67/sqft
- $311,660 $175.01/sqft
- $148,964 $86.81/sqft
- $192,871 $111.38/sqft
- $301,382 $175.7/sqft
- $563,000 $301.93/sqft
- $53,698 $45.9/sqft
- $148,924 $110.15/sqft
- $138,083 $97.55/sqft
- $147,600 $98.05/sqft
- $221,148 $131.74/sqft
Otero County, NM Foreclosure Activity
Total Foreclosure Filings i
Foreclosure Starts i
Completed Foreclosures (REOs) i
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