State housing market
New Mexico housing market
The latest New Mexico home prices, inventory, and days-on-market — with month-over-month and year-over-year trends and how it stacks up nationally. The typical New Mexico home is 13.6% lower than the U.S. typical value of $370K.
Data as of May 2026.
Latest market snapshot
Home value
$320K
May 2026
Sale price
$396K
May 2026
Days on market
53 days
May 2026
Inventory
4,270
May 2026
Months supply
5
May 2026
Homes sold
868
May 2026
Sale-to-list
98.9%
May 2026
What the numbers say
- ·Typical home value (ZHVI) is $319,816 — +0.1% month over month, +1.2% year over year.
- ·Median sale price is $395,500 — +8.7% month over month, +10.4% year over year.
- ·Median days on market is 53 days — -10.2% month over month, +12.8% year over year.
- ·Homes for sale is 4,270 — -1.4% month over month, -2.4% year over year.
13-month trends
Metro areas in New Mexico
| Metro area | Typical home value |
|---|---|
| Albuquerque, NM | $353K |
| Las Cruces, NM | $288K |
| Santa Fe, NM | $559K |
Sources & methodology
Every figure on this page is drawn from authoritative public housing and mortgage data, refreshed monthly. Home values shown as ZHVI are a smoothed typical-value index, not raw sale prices. We cite openly so you can verify.