New Mexico Real Estate Market
February 2026 · Source: Realtor.com
Buyer's Market
February 2026
Market Snapshot — New Mexico
Median Listing Price
$387,300
▼ 0.6% vs $389,700 last year
Active Listings
5,715
▲ 15.7% vs 4,939 last year
Median Days on Market
93
▲ 6.9% vs 87 days last year
New Listings
1,966
added this month
Pending Listings
2,690
under contract
24-Month Trends — New Mexico
Metro Areas in New Mexico
| Metro Area | Active Listings | Median Price | Days on Market |
|---|
| Albuquerque, NM |
2,710 |
$410,000 |
79 days |
| Las Cruces, NM |
1,384 |
$359,475 |
81 days |
| Santa Fe, NM |
742 |
$770,500 |
98 days |
| Alamogordo, NM |
363 |
$299,700 |
110 days |
| Clovis, NM |
353 |
$214,350 |
82 days |
| Taos, NM |
321 |
$632,500 |
129 days |
| Carlsbad-Artesia, NM |
235 |
$300,000 |
69 days |
| Farmington, NM |
233 |
$389,900 |
73 days |
| Roswell, NM |
217 |
$249,000 |
79 days |
| Hobbs, NM |
168 |
$303,550 |
38 days |
| Silver City, NM |
152 |
$333,750 |
104 days |
| Espanola, NM |
121 |
$429,250 |
127 days |
| Las Vegas, NM |
91 |
$417,500 |
135 days |
| Gallup, NM |
75 |
$247,450 |
98 days |
Top Cities in New Mexico
#1
1,593 listings · $416,369 median
#2
1,057 listings · $380,854 median
#3
668 listings · $951,162 median
#4
543 listings · $440,829 median
#5
260 listings · $219,750 median
#6
236 listings · $398,500 median
#7
224 listings · $352,475 median
#8
213 listings · $262,200 median
#9
207 listings · $270,316 median
#10
189 listings · $369,275 median
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