The New Mexico market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), New Mexico, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 4.9 months of supply, this is a fairly balanced market by the usual rule of thumb, and homes sold for about 1.1% below their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $395,500 |
| Apr 2026 | $363,800 |
| Mar 2026 | $378,200 |
| Feb 2026 | $373,200 |
| Jan 2026 | $344,900 |
| Dec 2025 | $357,300 |
| Nov 2025 | $402,100 |
| Oct 2025 | $404,400 |
| Sep 2025 | $411,900 |
| Aug 2025 | $374,600 |
| Jul 2025 | $365,700 |
| Jun 2025 | $370,900 |
| May 2025 | $358,200 |
| Apr 2025 | $370,400 |
| Mar 2025 | $354,600 |
| Feb 2025 | $368,800 |
| Jan 2025 | $343,500 |
| Dec 2024 | $371,800 |
| Nov 2024 | $357,300 |
| Oct 2024 | $388,600 |
| Sep 2024 | $373,000 |
| Aug 2024 | $373,300 |
| Jul 2024 | $369,800 |
| Jun 2024 | $345,300 |
| May 2024 | $356,200 |
Source: Redfin Data Center, New Mexico. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
New Mexico rules that affect sellers
Transfer tax
New Mexico does not charge a real estate transfer tax. Sellers still pay ordinary closing costs such as title, escrow and recording fees.
Seller disclosure
No general seller disclosure form is required by New Mexico statute; the state's disclosure law (NMSA 47-13) focuses mainly on property taxes. In practice the standard New Mexico Realtors purchase agreement obliges the seller to disclose known adverse material facts, and brokers must disclose adverse material facts they know about. Summary from Nolo, as the statute site could not be loaded.
Source: Nolo, Selling a New Mexico Home: What Are My Disclosure Obligations? (secondary source)
Who handles the closing
New Mexico closings are customarily handled by title and escrow companies. State law does not require an attorney at closing, though sellers may hire one.
Source: HomeLight, Closing Costs in New Mexico: A Guide for Sellers (secondary source)
Also worth knowing
Under NMSA 47-13-4, before accepting an offer the seller must ask the county assessor for an estimate of the property tax at the listing price and give the buyer a copy of the assessor's response.
Source: Nolo, Selling a New Mexico Home: What Are My Disclosure Obligations? (secondary source)
Checking an agent's license
Real estate agents in New Mexico are licensed by the New Mexico Real Estate Commission (Regulation and Licensing Department). You can look up any agent before you work with them.
New Mexico Real Estate Commission (Regulation and Licensing Department) license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Metro areas in New Mexico
Prices and pace can be very different from one metro to the next, so the local page is a better guide than the statewide figure.
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.