I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in New Mexico
💡 Key New Mexico housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $292,280[1] | #31 of 50 states | 17.5% lower |
| Median Listing Price | $385,000[2] | #29 of 50 states | 12% lower |
| Median Sale Price | $345,800[3] | #30 of 50 states | 11.3% lower |
| 30 Year Mortgage Rate | 7.01%[4] | #26 of 50 states | 0.5% higher |
| Median Days on Market | 61[5] | #44 of 50 states | 22.2% longer |
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🗺️ Buying a house in the New Mexico real estate market
New Mexico has an affordability score of 6.7, meaning it takes 6.7 years of the median household income ($51,243) to afford New Mexico's median home sale price ($345,800). Because of this, we rank New Mexico as the 16th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $345,800[6] | #30 of 50 states | 11.3% lower |
| 30 Year Mortgage Rate | 7.01%[7] | #26 of 50 states | 0.5% higher |
| Median Household Income | $51,243[8] | #46 of 50 states | 20.6% lower |
| Affordability Ratio | 6.7 | #35 of 50 states | 12.8% higher |
| Buyers Agent Commission | 2.90%[9] | #41 of 50 states | 8.4% higher |
Resources for New Mexico home buyers
Preparing to buy in New Mexico
New Mexico home buying costs
🗺️ Selling a house in the New Mexico real estate market
According to our detailed survey of New Mexico real estate agents, listing agents (those representing the seller) charge an average commission in New Mexico of 3%, which is the 14th highest in the United States. Buyers' agents charge an average commission of 2.9%, which is the 10th highest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $385,000[10] | #29 of 50 states | 12% lower |
| Median Sale Price | $345,800[11] | #30 of 50 states | 11.3% lower |
| Median Days on Market | 61[12] | #44 of 50 states | 22.2% longer |
| Buyer's Agent Commission | 2.90%[13] | #41 of 50 states | 8.4% higher |
| Listing Agent Commission | 3.00%[14] | #37 of 50 states | 5% higher |
Resources for New Mexico home sellers
Preparing to sell in New Mexico
- Average Time to Sell a House in New Mexico
- When Is the Best Time to Sell a House in New Mexico?
- Top Real Estate Agents in New Mexico
New Mexico home selling costs and requirements
Moving to New Mexico
According to our recent moving trends survey[15], 8% of Americans indicated that they would choose to move to New Mexico if money were no object. Likewise, 12% of survey respondents indicated that they would move to Albuquerque among a choice of America's medium-sized cities.
Here's how New Mexico cities rank in a number of our research studies.
| Study | Best New Mexico city | Rank |
| Best Pizza Cities[16] | No ranking New Mexico cities | No ranking New Mexico cities |
| Best Coffee Cities[17] | No ranking New Mexico cities | No ranking New Mexico cities |
| Best LGBTQ Cities[18] | No ranking New Mexico cities | No ranking New Mexico cities |
| Best Bike Cities[19] | No ranking New Mexico cities | No ranking New Mexico cities |
| Best Commuter Cities[20] | No ranking New Mexico cities | No ranking New Mexico cities |