New Mexico Real Estate Market
Home values, trends, and county-level data across New Mexico. Updated Jan 2026.
Median Home Value
$307,971
↑ +0.9%
Year-over-year
5-Year Appreciation
+37.6%
Since 2021
Markets Tracked
30 counties
18 metro areas
5-Year Price Trend
Metro Areas in New Mexico
| Metro Area | Median Home Price | YoY Change |
|---|---|---|
| Albuquerque, NM | $339,931 | ↑ +1.1% |
| Las Cruces, NM | $281,989 | ↓ -0.9% |
| Santa Fe, NM | $541,186 | ↓ -0.7% |
| Farmington, NM | $260,435 | ↑ +2.2% |
| Gallup, NM | $216,053 | ↑ +1.1% |
| Hobbs, NM | $190,883 | ↑ +0.7% |
| Alamogordo, NM | $224,747 | ↓ -0.8% |
| Roswell, NM | $161,955 | ↓ -3.6% |
| Carlsbad, NM | $229,150 | ↓ -2.5% |
| Clovis, NM | $153,792 | ↓ -4.3% |
| Espa-¦ola, NM | $323,164 | ↑ +1.7% |
| Taos, NM | $424,864 | ↓ -2.4% |
| Las Vegas, NM | $238,609 | ↑ +4.4% |
| Silver City, NM | $179,910 | ↓ -11.4% |
| Grants, NM | $145,653 | ↑ +0.2% |
Counties in New Mexico
Bernalillo
$339,335
↑ +1.2%Dona Ana
$281,996
↓ -0.9%Santa Fe
$541,188
↓ -0.7%Sandoval
$366,645
↑ +0.4%San Juan
$260,442
↑ +2.2%Valencia
$300,624
↑ +2.0%McKinley
$216,013
↑ +1.1%Lea
$190,923
↑ +0.7%Otero
$224,753
↓ -0.8%Chaves
$161,994
↓ -3.6%Eddy
$229,163
↓ -2.5%Curry
$153,778
↓ -4.2%Rio Arriba
$323,169
↑ +1.7%Taos
$424,902
↓ -2.5%Grant
$179,840
↓ -11.4%San Miguel
$238,032
↑ +4.5%Cibola
$145,668
↑ +0.2%Luna
$156,688
↑ +0.7%Lincoln
$340,996
↓ -0.8%Roosevelt
$141,689
↓ -1.5%Los Alamos
$568,856
↓ -0.4%Socorro
$192,117
↑ +3.7%Torrance
$213,813
↑ +1.9%Colfax
$233,820
↓ -3.6%Sierra
$170,721
↓ -0.6%Quay
$100,490
↓ -8.7%Hidalgo
$90,739
↓ -24.5%Union
$108,019
↓ -6.4%Catron
$208,626
↑ +3.5%De Baca
$96,400
↓ -16.4%