New Mexico · 148 scored ZIPs · September 2026

New Mexico: the market leans toward buyers.

Conditions easing in buyers' favor. That is the population-weighted reading across 148 scored ZIPs in New Mexico. Typical home value $329K, +1.6% over 12 months on average; listings take 72 days to sell against 60 in the median U.S. ZIP.

Sources beside every figure · Zillow, August 2026 · Realtor.com, September 2026 · Redfin, May 2026

Open New Mexico in the full map

New Mexico148 scored ZIPs

Leaning buyer−27

Typical value$329K+1.6% over 12 months, average · Zillow, Aug 2026

Days on market72 daysU.S. median ZIP 60 days · Realtor.com

Listings with a price cut26%U.S. median ZIP 20% · Realtor.com

Typical rent$1,586/mo+3.0% over 12 months, average · Zillow, Aug 2026

Active listings7,019Across 145 ZIPs · Realtor.com

Sale-to-list—Too few ZIPs here report a Redfin sale

HavenScore48of 100

Average of 148 scored ZIPs, weighted by population · the median U.S. ZIP scores 50

Affordability46

Growth43

Risk50

Momentum56

Livability56

Five parts, weighted. How the score works →

On the map

148 scored ZIPs in New Mexico, colored by market balance.

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BuyersEvenSellers

One dot is one ZIP code; click a dot to open its page. Blue leans toward buyers, orange toward sellers.

Market report

What the latest figures say about New Mexico.

Market report · home values through August 2026, listings through September 2026 · By the HavenScore Editorial Team

Illustration of flat-roofed adobe houses with rounded walls and wooden beams, dry hills beyond

Over the year to August 2026, typical home values in New Mexico rose by an average of 1.6%, weighted by population across its 148 scored ZIPs (based on Zillow ZIP-level data).

Figures for a city or a state are averages across its scored ZIP codes, weighted by population, so each ZIP counts in proportion to its residents. Where only some ZIPs report a figure, the sentence names how many.

In New Mexico, the average typical home value stood at $329K in August 2026, weighted by population across its 148 scored ZIPs (based on Zillow ZIP-level data).

In September 2026, the average HavenScore balance in New Mexico was −27, in our Leaning buyer band, weighted by population across its 148 scored ZIPs.

The HavenScore balance reads signals such as inventory, time on market and the share of listings with a price cut on one scale, from buyers at one end to sellers at the other. A reading below zero favors buyers, and one above zero favors sellers.

How fast homes are selling

In September 2026, the ZIP-level median time on market in New Mexico averaged 72 days, weighted by population across the 144 of its 148 scored ZIPs that report it, against 60 days for the median U.S. ZIP (based on Realtor.com ZIP-level data).

Days on market here is each ZIP code's median number of days a Realtor.com listing spends on the market, from the day it is listed until it closes or is withdrawn, averaged across the place's ZIP codes.

The share of listings with a price cut in New Mexico averaged 26% in September 2026, weighted by population across the 144 of its 148 scored ZIPs that report it, against 20% for the median U.S. ZIP (based on Realtor.com ZIP-level data).

Summed across the 145 ZIPs in New Mexico that report them, active listings came to 7,019 in September 2026, according to Realtor.com.

How to read these figures

Each figure names its own month: Zillow's home values and Realtor.com's listings data publish on their own schedules, so the two can sit a month apart. A figure describes that month, not the day this page was updated.

Market cycle

Where each city sits: price momentum against buyer-seller pressure.

3 of 5 New Mexico cities read Softening — prices down over the year with the market leaning toward buyers.

Buyer's market
Leaning buyer
Balanced
Leaning seller
Seller's market
Named city (ink ring)

Cooling2 cities
Prices still up over the year, but the market now leans toward buyers.
Albuquerque, Santa Fe
Accelerating0 cities
Prices rising with the market leaning toward sellers.
No city reads Accelerating now.
Softening3 cities
Prices down over the year with the market leaning toward buyers.
Las Cruces, Hanover, Silver City
Firming0 cities
Prices still down over the year, but the market now leans toward sellers.
No city reads Firming now.

Each dot is a city with three or more scored ZIPs, placed by its population-weighted balance (right leans toward sellers) and its trailing-year price change (up is rising, Zillow ZHVI). Axes fit this state’s own spread and always include zero. Pressure tends to turn before prices do, which is what Cooling and Firming name.

Every city in the chart

City	Read	Prices, trailing year	Balance	ZIPs
Albuquerque	Cooling	+1.4%	−34	16
Hanover	Softening	−1.8%	−20	3
Las Cruces	Softening	−0.8%	−48	6
Santa Fe	Cooling	+0.8%	−30	5
Silver City	Softening	−5.5%	−55	3

Top ZIPs

The ten highest HavenScores among ZIPs with 5,000+ residents.

Rank	Market balance	ZIP	HavenScore	Typical value
1	−14, leaning buyer	88210Artesia, NM	61	$249K
2	−21, leaning buyer	88220Carlsbad, NM	61	$257K
3	−45, buyer's market	87144Rio Rancho, NM	60	$373K
4	+7, balanced	88240Hobbs, NM	59	$200K
5	−8, balanced	87020Grants, NM	58	$163K
6	−35, leaning buyer	88101Clovis, NM	58	$165K
7	−46, buyer's market	87124Rio Rancho, NM	56	$350K
8	−18, leaning buyer	87740Raton, NM	56	$151K
9	−22, leaning buyer	88130Portales, NM	55	$148K
10	+23, leaning seller	88242Hobbs, NM	55	$296K

The score only ranks ZIPs with 5,000+ residents — thinner markets are too noisy month-to-month. National leaderboards → Every scored ZIP in New Mexico, by county →

Cities

5 cities with three or more scored ZIPs, from the strongest lean toward buyers to the strongest toward sellers.

Rank	City		HavenScore
1	Silver City	−55	48
2	Las Cruces	−48	47
3	Albuquerque	−34	47
4	Santa Fe	−30	47
5	Hanover	−20	40

Balance and HavenScore, 0–100, are population-weighted averages of each city’s scored ZIPs. All cities, every state →

Counties

17 counties with three or more scored ZIPs, from the strongest lean toward buyers to the strongest toward sellers.

Rank	County		HavenScore
1	Dona Ana County	−47	46
2	Grant County	−47	49
3	Lincoln County	−40	41
4	Sandoval County	−37	55
5	Otero County	−37	45
6	Bernalillo County	−33	47
7	Taos County	−31	45
8	Valencia County	−28	48
9	Chaves County	−28	50
10	Santa Fe County	−25	48
11	Sierra County	−22	36
12	Torrance County	−12	41

The other 5 counties, A to Z

County		HavenScore
Catron County	+15	48
Lea County	+13	58
Rio Arriba County	+23	41
San Juan County	+28	44
San Miguel County	0	46

Each county opens its page of the cheapest scored ZIPs.

Questions about New Mexico

Answers from the latest figures, each with its month.

Is New Mexico a buyer's market?
As of September 2026, New Mexico sits in our Leaning buyer band, with an average HavenScore balance of −27 on a scale from −100 (buyers) to +100 (sellers), weighted by population across its 148 scored ZIPs.
Are home values falling in New Mexico?
As of August 2026, typical home values in New Mexico had risen by an average of 1.6% over the previous 12 months, weighted by population across its 148 scored ZIPs (based on Zillow ZIP-level data).
How long do homes take to sell in New Mexico?
As of September 2026, the ZIP-level median time on market in New Mexico averaged 72 days, weighted by population across the 144 of its 148 scored ZIPs that report it, against 60 days for the median U.S. ZIP (based on Realtor.com ZIP-level data).
What does a typical home cost in New Mexico?
As of August 2026, the average typical home value in New Mexico was $329K, weighted by population across its 148 scored ZIPs (based on Zillow ZIP-level data).