New Mexico Real Estate & Property Data

New Mexico Real Estate Market Trends
Last Updated: March 19, 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 24,577 residential properties sold in the New Mexico real estate market over the past 12 months. As of January 2024, the median home price in NM on single-family homes is $300,333. The median single-family home value for properties over the last 12 months is $291,250. Currently, the State of New Mexico has 105 properties in foreclosure and 28 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
Total Residential Properties 791,768
Total Commercial Properties 32,923
Avg. Home Age (Single Family Home) 42 Years
Avg. Square Feet (Single Family Home) 1,867
Total 2024 Residential Sales (year-to-date) 1,376
% of Homes Seriously Underwater (Q1 2024) 0.85%
Total 2023 Residential Sales 23,201
% of Equity Rich Homes (Q1 2024) 32.45%
Effective 2023 Property Tax 0.62%
Total Foreclosure Filings (year-to-date) 105
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New Mexico Real Estate Overview

There were 24,577 residential properties sold in the past year in New Mexico. The median home value in New Mexico is $291,250. There are a total of 791,768 residential properties in the NM.

Median Sales Price i
$300,333
(Jan 2024)
+7.3%
year-over-year
y-o-y
  • January '24 Jan '24 $300,333
  • December '23 Dec '23 $305,069
  • November '23 Nov '23 $305,250
  • October '23 Oct '23 $300,081
  • September '23 Sep '23 $316,417
  • August '23 Aug '23 $309,253
  • July '23 Jul '23 $310,337
  • June '23 Jun '23 $304,844
  • May '23 May '23 $309,281
  • April '23 Apr '23 $309,717
  • March '23 Mar '23 $296,875
  • February '23 Feb '23 $290,971
Median Down Payment i
$55,250
(Jan 2024)
+4.9%
year-over-year
y-o-y
  • January '24 Jan '24 $55,250
  • December '23 Dec '23 $54,875
  • November '23 Nov '23 $59,451
  • October '23 Oct '23 $56,250
  • September '23 Sep '23 $61,513
  • August '23 Aug '23 $59,250
  • July '23 Jul '23 $59,613
  • June '23 Jun '23 $57,000
  • May '23 May '23 $57,950
  • April '23 Apr '23 $57,000
  • March '23 Mar '23 $54,354
  • February '23 Feb '23 $55,865
Number of Homes Sold i
1,376
(Jan 2024)
-18.8%
year-over-year
y-o-y
  • January '24 Jan '24 1,376
  • December '23 Dec '23 1,567
  • November '23 Nov '23 1,611
  • October '23 Oct '23 1,890
  • September '23 Sep '23 1,862
  • August '23 Aug '23 2,313
  • July '23 Jul '23 2,000
  • June '23 Jun '23 2,329
  • May '23 May '23 2,120
  • April '23 Apr '23 1,929
  • March '23 Mar '23 2,194
  • February '23 Feb '23 1,692
Number of Purchase Loans i
1,078
(Jan 2024)
-12.2%
year-over-year
y-o-y
  • January '24 Jan '24 1,078
  • December '23 Dec '23 1,284
  • November '23 Nov '23 1,240
  • October '23 Oct '23 1,476
  • September '23 Sep '23 1,447
  • August '23 Aug '23 1,759
  • July '23 Jul '23 1,558
  • June '23 Jun '23 1,874
  • May '23 May '23 1,705
  • April '23 Apr '23 1,518
  • March '23 Mar '23 1,696
  • February '23 Feb '23 1,237
Number of REFI Loans i
862
(Jan 2024)
+41.8%
year-over-year
y-o-y
  • January '24 Jan '24 862
  • December '23 Dec '23 811
  • November '23 Nov '23 853
  • October '23 Oct '23 939
  • September '23 Sep '23 879
  • August '23 Aug '23 1,026
  • July '23 Jul '23 875
  • June '23 Jun '23 908
  • May '23 May '23 907
  • April '23 Apr '23 767
  • March '23 Mar '23 935
  • February '23 Feb '23 691
Number of HELOC Loans i
277
(Jan 2024)
-0.7%
year-over-year
y-o-y
  • January '24 Jan '24 277
  • December '23 Dec '23 282
  • November '23 Nov '23 327
  • October '23 Oct '23 296
  • September '23 Sep '23 315
  • August '23 Aug '23 399
  • July '23 Jul '23 339
  • June '23 Jun '23 324
  • May '23 May '23 374
  • April '23 Apr '23 288
  • March '23 Mar '23 316
  • February '23 Feb '23 244

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 105 New Mexico properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 67 New Mexico properties and repossessed 28 New Mexico properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
105
(Jan 2024)
-27.6%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 215
Foreclosure Starts i
67
(Jan 2024)
-32.3%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 159
Completed Foreclosures (REOs) i
28
(Jan 2024)
+21.7%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 19
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