New Mexico residential real estate highlights, home prices, and rental data from Zillow:
New Mexico median listing prices and median price-per-square-foot for all home types:
- All homes: $200,000 at $113/SF
- Single-family residential homes: $205,000 at $113/SF
- Condos: $155,000 at $120/SF
- Duplex and Triplex units: $249,450 at $78/SF
- 1-Bedroom homes: $103,500 at $142/SF
- 2-Bedroom homes: $144,900 at $121/SF
- 3-Bedroom homes: $185,000 at $110/SF
- 4-Bedroom homes: $269,900 at $115/SF
- 5+ Bedroom homes: $397,500 at $113/SF
New Mexico median rental prices and median rental price-per-square-foot:
- All homes: $1,100 at $0.73/SF
- Single-family residential: $1,100 at $0.72/SF
- Condos: $885 at $0.84/SF
- Duplex and Triplex units: $700 at $0.94/SF
- Multi-family residential: $705 at $0.91/SF
- 1-Bedroom homes: $658 at $1.1/SF
- 2-Bedroom homes: $750 at $0.84/SF
- 3-Bedroom homes: $1,095 at $0.71/SF
- 4-Bedroom homes: $1,285 at $0.67/SF
New Mexico homes sold for a gain or loss:
- 70.9% of all homes sold above the previous home price
- 29.1% of all homes sold below the previous home price
- 9.8% of all listings had a price reduction this month with a median price cut of 4.0% (approximately $7,500)
- 9.8% of all single-family residential home listings had a price reduction this month with a median price cut of 4.0% (approximately $7,500)
- 9.2% of all condo listings had a price reduction this month with a median price cut of 4.5% (approximately $8,000)
The ZHVI (Zillow Home Value Index) dropped by -1.3% over the past year to $163,500.
Note: If any of the data is currently undisclosed, that is because the local jurisdictions currently do not share that data.
Discover more New Mexico real estate news here or check out additional Zillow data.
