When Is the Best Time to Sell a House in New Mexico?

Ben Mizes

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Ben Mizes

September 19th, 2022
Updated September 19th, 2022

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Should I sell now? | Best time to sell: Overall | Best time to sell: Price | Best time to sell: Speed | Best time by location | Top ways to sell your New Mexico home

Listing your New Mexico home at the right time can help you find a buyer quickly and earn the highest profit.

If you have some flexibility with your sale, it's worth doing some market research and timing your sale for the best outcome possible.

Key Takeaways

In terms of price, the best month to sell a house in New Mexico is August. The median sale price for New Mexico homes in August is $375,000, which is $42,719 more than the annual average.

The best month to sell a house fast in New Mexico is May. New Mexico homes sold in May are on the market for an average of 42 days, which is 17 days faster than the annual average.

Of course, this is just a small piece of the overall picture. When you should list will depend on your situation and location. Seeking the opinion of a local real estate expert will help you determine the best time for you to sell your New Mexico home.

Clever Real Estate can connect you with top real estate agents in your area so you can discuss all your options. They will come up with a custom strategy to match your timeline and priorities. Plus, you'll save money on listing commissions if you sell with the agent.

👋 Talk with a local expert before you list

No matter the time of year, Clever can connect you with a local real estate agent to help you sell quickly and for more money. Talk with an expert about your options so you can make the right decision for your situation. Plus, with Clever:

✅ There's no obligation — you get expert advice for free

✅ You'll work with a full-service realtor from a top broker

✅ You pay only 1% or $3,000 if you decide to list with the agent


Should I sell my New Mexico home now?

It's a good time to sell in New Mexico right now. Prices shot up recently and there’s still healthy activity within the market, so your listing may close sooner than expected. However, take care not to drag your listing into winter, as this is typically when prices drop and the market freezes.

While this may be the overall trend, local markets typically vary across the state. That’s why it’s best to speak with a local agent first — they can give up-to-date advice for your area and ensure that you’re selling at the right time.

»Get connected with a local agent today.

The best time of year to sell a house in New Mexico

Determining the "right" time to sell your house is somewhat subjective; it really depends on your specific goals and circumstances. That said, if you're like most sellers — i.e., your top priorities are selling high and fast — here's when you should list your New Mexico house.

Best month for:


Price
August
$42,719 more than average
Speed
May
17 days faster than average
Realtor.com (August 2022)

Best time to sell by location

It's important to note that trends vary from region to region. The table below shows the most lucrative months to sell for five cities in New Mexico.

Location
Best month to sell
Typical sales premium
Average days on market
Albuquerque
May
$19,860
32
Santa Fe
February
$158,221
35
Grants
August
$23,696
35
Clovis
August
$25,992
21
Farmington
May
$40,625
36
Realtor.com (August 2022)

Best time to sell in New Mexico: Price


Median sale price
Sales premium*
August
$375,000
$42,719
*Compared to annual average

Historical data can help you understand when prices in New Mexico are typically at their annual high and low. While each year will have slight variations, we looked at sale prices since 2016 to determine the trends and average prices for each month.

Month
Average sale price
Difference from average
January
$256,603
-$8,335
February
$258,331
-$6,607
March
$260,897
-$4,041
April
$267,600
$2,662
May
$275,049
$10,111
June
$281,168
$16,230
July
$275,029
$10,091
August
$275,932
$10,994
September
$259,127
-$5,811
October
$258,658
-$6,280
November
$256,725
-$8,213
December
$254,133
-$10,805
Annual Average
$264,938

Realtor.com (August 2022)

Best time to sell in New Mexico: Speed


Days on market
Days faster
May
42
17
*Compared to annual average

Days on market — or DOM — is commonly defined as the number of days from when a property is listed on the MLS and when it's sold and taken off the market.

When a market has a low median DOM, that's usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. As with sale prices, we looked at data going back to 2016 to determine historically good months to sell quickly.

Month
Days on market
Difference from average
January
99
20 days slower
February
94
15 days slower
March
81
2 days slower
April
70
9 days faster
May
66
13 days faster
June
65
14 days faster
July
67
12 days faster
August
69
10 days faster
September
76
3 days faster
October
80
1 days slower
November
84
5 days slower
December
92
13 days slower
Annual Average
79

Realtor.com (August 2022)

Top ways to sell your house no matter the time of year

If you need to sell your New Mexico home and it's not the best time of year to list, you still have options.

Sell quickly

You can still sell quickly by reaching out to a cash buyer or, if your house qualifies, to an iBuyer.

Cash buyers can close in a matter of days year round so you don't have to wait for a buyer during the slow season. You can also request offers from multiple buyers to ensure you're getting a good deal for your home.

Save money

One of the biggest costs when selling your house is real estate agent commissions. If you need to sell when sale prices are typically lower, saving on realtor fees is often your best option for maximizing your profit.

By listing with a flat fee MLS company instead of a traditional agent, you pay a more affordable upfront fee instead of a typical listing commission. However, you'll have to complete every step of the home selling process without professional help.

Another option is working with a discount brokerage. These are often full-service agents who work for reduced commissions.

No matter the time of year, the smart choice is always to talk with a real estate professional. Clever can connect you with an agent to go over your options and develop a customized sales strategy about how and when to sell your home. The service is 100% free and there's never any obligations.

👋 Next Steps: Talk to an expert!

If you're weighing your options for selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

If you're after the best sales price, the best month to sell in New Mexico is August when houses sell for 12.86% more than average.

If your priority is speed, May is the best time to sell because homes tend to sell 17 days faster.

December is the month when homes sell for the least amount of money. When it comes to a quick sale, January is the worst time to list. Homes stay on the market for an average of 70 days.

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