Median Home Price
$298K
$168/sqft
YoY Appreciation
+3.8%
Year-over-year
Days on Market
32d
Median DOM
Inventory
3.2mo
Balanced
List-to-Sale
97%
Avg ratio
Cash Buyers
28%
of all sales
📰
New Mexico Market Overview
New Mexico offers a compelling combination of affordability, culture, and climate. Albuquerque is seeing tech growth from Sandia National Labs and a growing film industry. Santa Fe is a premium lifestyle and art market. The state has been a quiet beneficiary of Western migration.
🏠 Buyer Insight
Albuquerque is one of the Southwest's best-value markets. Santa Fe's art market attracts cash buyers globally — expect competition on well-located properties.
📋 Seller Insight
Highlight unique architectural features (adobe, territorial style) — they command genuine premiums here versus conventional construction.
🏙️
Top Cities in New Mexico
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Albuquerque | $298K | +3.8% | 28d | $168 |
| Santa Fe | $598K | +4.2% | 38d | $348 |
| Las Cruces | $228K | +3.2% | 36d | $128 |
📊
Market Health Indicators
Market Velocity
Active — typical transaction pace
Buyer Competition
Low — below-asking offers common
Inventory Pressure
Balanced — moderate supply
Investment Momentum
3.8% annual appreciation — solid growth
👥
Buyer Demographics
🏠
38%
First-Time Buyers
of all purchases
💵
28%
Cash Buyers
of all purchases
⏱️
44d
Avg Close Time
from offer to close
⚠️
4.8/10K
Foreclosure Rate
homes in default
🧮
Affordability Calculator — New Mexico
Market Characteristics
#southwest#affordable#arts-culture#national-labs#film-industry
📊 CURRENT RATESMar 9, 2026
30-YR FIXED
—
15-YR FIXED
—
5/1 ARM
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JUMBO 30-YR
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WK CHANGE 30-YR:↓ 0.04%
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