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NOGAL, NM 88341

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NOGAL, NM real estate market (88341) currently shows 4 active listings. Homes are averaging 147 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 147 days on market compared to 206 days last year.

The median listing price has risen 14.7% year-over-year, from $734,500 to $842,833.

Whether you are buying or selling in NOGAL, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 582  ·  Density: 1.4/mi²  ·  Median household income: $87,188

Typical home value: $229,075  ·  Homeownership: 97.0%

Market Overview

Active Listings
4
⇩ 50% vs 8 last year
Pending
0
0% pending ratio
Median Price
$842,833
⇧ 14.7% vs $734,500 last year
Average Price
$2,828,667
⇧ 24.5% vs $2,272,625 last year
Days on Market
147
⇩ 28.6% vs 206 days last year

Price Per Square Foot

Median $/sqft
$305
⇧ 15.1% vs $265/sqft last year
Median Home Size
4,825 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
vs 1% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 8 last year
  • Days on market: 147 now vs 206 last year

Median & Average Pricing

Year over Year
  • Median: $842,833 (+14.7% YoY)
  • Average: $2,828,667 (+24.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 68.1 miles — 560 listings ($252,198,035 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88341Nogal, NM 883410.0 mi4$15,303,332$861,667$3,825,833
88345Ruidoso, NM 8834512.9 mi237$112,349,850$399,000$474,050
88346Ruidoso Downs, NM 8834618.2 mi12$3,337,800$228,500$278,150
88338Lincoln, NM 8833823.5 mi4$2,134,000$592,500$533,500
88352Tularosa, NM 8835225.4 mi14$4,216,674$340,000$301,191
88316Capitan, NM 8831630.4 mi13$15,912,897$460,000$1,224,069
88337La Luz, NM 8833736.2 mi10$4,434,860$352,450$443,486
88325High Rolls Mountain Park, NM 8832545.5 mi22$16,765,980$579,500$762,090
88339Mayhill, NM 8833946.9 mi17$7,954,589$449,500$467,917
88347Sacramento, NM 8834754.6 mi7$1,568,581$212,000$224,083
88310Alamogordo, NM 8831057.0 mi204$63,386,472$279,900$310,718
87036Mountainair, NM 8703664.0 mi15$4,605,000$210,000$307,000
87063Willard, NM 8706368.1 mi1$228,000$228,000$228,000

Frequently Asked Questions

How many homes are for sale in NOGAL, NM 88341?

As of February 2026, there are 4 active listings in NOGAL, NM (zip code 88341), compared to 8 the prior year.

What is the median home price in NOGAL, NM 88341?

The median listing price in NOGAL, NM 88341 is $842,833 as of February 2026, a 14.7% increase from $734,500 the prior year.

How long do homes stay on the market in NOGAL, NM?

Homes in NOGAL, NM 88341 spend an average of 147 days on the market before going under contract, compared to 206 days the prior year.

Is it a seller's or buyer's market in NOGAL, NM 88341?

Based on current inventory and days-on-market data as of February 2026, NOGAL, NM 88341 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 147 days on market compared to 206 days last year.

How much can I save on real estate commission in NOGAL, NM?

With SELL123.com's maximum 3% commission, sellers in NOGAL, NM 88341 save an estimated $16,857 compared to a typical 5% commission on the median listing price of $842,833. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.