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New Mexico Real Estate & Property Data

New Mexico Real Estate Market Trends
Last Updated: April 26, 2024

Get access to New Mexico real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 25,760 residential properties sold in the New Mexico real estate market over the past 12 months. As of February 2024, the median home price in NM on single-family homes is $309,687. The median single-family home value for properties over the last 12 months is $293,761. Currently, the State of New Mexico has 131 properties in foreclosure and 22 REOs (real estate bank owned).

See how easy it is to locate target properties in NM, build bespoke property reports, and create marketing lists from ATTOM’s New Mexico real estate data.

New Mexico Real Estate Market Trends
Get property data for any address in New Mexico or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 792,395
Total Commercial Properties 32,182
Avg. Home Age (Single Family Home) 42 Years
Avg. Square Feet (Single Family Home) 1,868
Total 2024 Residential Sales (year-to-date) 2,958
% of Homes Seriously Underwater (Q2 2024) 0.85%
Total 2023 Residential Sales 24,591
% of Equity Rich Homes (Q2 2024) 32.51%
Effective 2023 Property Tax 0.63%
Total Foreclosure Filings (year-to-date) 236
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New Mexico Real Estate Overview

There were 25,760 residential properties sold in the past year in New Mexico. The median home value in New Mexico is $293,761. There are a total of 792,395 residential properties in the NM.

Median Sales Price i
$309,687
(Feb 2024)
+6.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $309,687
  • January '24 Jan '24 $300,000
  • December '23 Dec '23 $304,863
  • November '23 Nov '23 $305,250
  • October '23 Oct '23 $300,000
  • September '23 Sep '23 $317,413
  • August '23 Aug '23 $309,347
  • July '23 Jul '23 $310,688
  • June '23 Jun '23 $305,611
  • May '23 May '23 $308,750
  • April '23 Apr '23 $310,400
  • March '23 Mar '23 $297,734
Median Down Payment i
$58,600
(Feb 2024)
+4.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $58,600
  • January '24 Jan '24 $55,225
  • December '23 Dec '23 $54,500
  • November '23 Nov '23 $59,375
  • October '23 Oct '23 $56,250
  • September '23 Sep '23 $61,688
  • August '23 Aug '23 $59,250
  • July '23 Jul '23 $59,553
  • June '23 Jun '23 $56,475
  • May '23 May '23 $57,500
  • April '23 Apr '23 $57,375
  • March '23 Mar '23 $55,250
Number of Homes Sold i
1,545
(Feb 2024)
-13.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 1,545
  • January '24 Jan '24 1,413
  • December '23 Dec '23 1,666
  • November '23 Nov '23 1,715
  • October '23 Oct '23 1,999
  • September '23 Sep '23 2,001
  • August '23 Aug '23 2,458
  • July '23 Jul '23 2,136
  • June '23 Jun '23 2,435
  • May '23 May '23 2,266
  • April '23 Apr '23 2,050
  • March '23 Mar '23 2,293
Number of Purchase Loans i
1,291
(Feb 2024)
+2.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 1,291
  • January '24 Jan '24 1,092
  • December '23 Dec '23 1,283
  • November '23 Nov '23 1,264
  • October '23 Oct '23 1,487
  • September '23 Sep '23 1,465
  • August '23 Aug '23 1,782
  • July '23 Jul '23 1,562
  • June '23 Jun '23 1,871
  • May '23 May '23 1,719
  • April '23 Apr '23 1,525
  • March '23 Mar '23 1,714
Number of REFI Loans i
962
(Feb 2024)
+42.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 962
  • January '24 Jan '24 857
  • December '23 Dec '23 782
  • November '23 Nov '23 827
  • October '23 Oct '23 911
  • September '23 Sep '23 855
  • August '23 Aug '23 994
  • July '23 Jul '23 849
  • June '23 Jun '23 877
  • May '23 May '23 871
  • April '23 Apr '23 745
  • March '23 Mar '23 899
Number of HELOC Loans i
278
(Feb 2024)
+13.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 278
  • January '24 Jan '24 279
  • December '23 Dec '23 283
  • November '23 Nov '23 328
  • October '23 Oct '23 296
  • September '23 Sep '23 320
  • August '23 Aug '23 399
  • July '23 Jul '23 338
  • June '23 Jun '23 323
  • May '23 May '23 378
  • April '23 Apr '23 288
  • March '23 Mar '23 317

New Mexico Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

New Mexico Foreclosure Activity

There were a total of 131 New Mexico properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 102 New Mexico properties and repossessed 22 New Mexico properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
131
(Feb 2024)
-39.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 131
  • January '24 Jan '24 105
  • December '23 Dec '23 112
  • November '23 Nov '23 104
  • October '23 Oct '23 136
  • September '23 Sep '23 234
  • August '23 Aug '23 114
  • July '23 Jul '23 129
  • June '23 Jun '23 194
  • May '23 May '23 121
  • April '23 Apr '23 206
  • March '23 Mar '23 158
Foreclosure Starts i
102
(Feb 2024)
-35.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 102
  • January '24 Jan '24 67
  • December '23 Dec '23 67
  • November '23 Nov '23 64
  • October '23 Oct '23 84
  • September '23 Sep '23 177
  • August '23 Aug '23 66
  • July '23 Jul '23 94
  • June '23 Jun '23 135
  • May '23 May '23 58
  • April '23 Apr '23 152
  • March '23 Mar '23 98
Completed Foreclosures (REOs) i
22
(Feb 2024)
+15.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 22
  • January '24 Jan '24 28
  • December '23 Dec '23 33
  • November '23 Nov '23 14
  • October '23 Oct '23 19
  • September '23 Sep '23 41
  • August '23 Aug '23 35
  • July '23 Jul '23 29
  • June '23 Jun '23 16
  • May '23 May '23 23
  • April '23 Apr '23 27
  • March '23 Mar '23 41
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