Data

Zillow New Mexico: Home Prices and Rental Data

Here is the latest Zillow data covering today’s New Mexico residential market

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.

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Discover more New Mexico real estate news here or check out additional Zillow data.