| Market | Median list price | YoY | Days on market | Active | Price-to-income | Income needed |
|---|---|---|---|---|---|---|
| Albuquerque | $410,750 | +0.3% | 67 | 2,313 | 6.0 | $109,000 |
| Las Cruces | $366,475 | -2.3% | 93 | 1,005 | 6.6 | $95,000 |
| Santa Fe | $776,500 | -5.4% | 81 | 808 | 10.4 | $196,000 |
| Ruidoso | $474,750 | -5.0% | 121 | 584 | 9.2 | $121,000 |
| Taos | $593,500 | -0.9% | 115 | 357 | 10.1 | $146,000 |
| Alamogordo | $313,488 | +4.8% | 83 | 338 | 6.0 | $80,000 |
| Clovis | $239,950 | +4.3% | 68 | 244 | 4.3 | $61,000 |
| Roswell | $240,000 | -12.7% | 63 | 182 | 4.6 | $62,000 |
| Carlsbad | $305,000 | -11.8% | 84 | 170 | 3.8 | $77,000 |
| Farmington | $393,250 | +2.5% | 52 | 168 | 7.4 | $102,000 |
| Silver City | $311,000 | -11.7% | 94 | 133 | 6.8 | $78,000 |
| Espanola | $425,000 | -11.6% | 107 | 112 | 7.9 | $106,000 |
| Las Vegas | $385,000 | -8.3% | 86 | 88 | 8.1 | $98,000 |
| Hobbs | $328,725 | -4.2% | 48 | 78 | 4.8 | $83,000 |
| Deming | $236,000 | +1.2% | 59 | 75 | 6.2 | $60,000 |
| Gallup | $304,123 | +24.4% | 78 | 59 | 6.8 | $92,000 |
| Los Alamos | $714,500 | +20.0% | 30 | 44 | 5.0 | $182,000 |
State housing market · September 2026 data
New Mexico housing market
Across the 17 New Mexico markets WealthyBud tracks, the midpoint median listing price is $366,475 as of September 2026, and 10 of 17 are priced below a year ago. Santa Fe is the most expensive ($776,500) and Deming the least ($236,000).
Midpoint median list price
$366,475
17 markets
Markets down YoY
10/17
September 2026
Active listings
6,758
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01
What are home prices in each New Mexico market?
The table lists every New Mexico market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.
Are home prices rising or falling in New Mexico?
Gallup posted the biggest year-over-year change in New Mexico (+24.4%) and Roswell the weakest (-12.7%). The midpoint change across the state's tracked markets is -2.3%, with 6,758 homes actively listed.
How much income do you need to buy a home in New Mexico?
Buying the median listing with 20% down at the current 7.28% rate takes about $60,000 a year in Deming and $196,000 in Santa Fe, keeping principal, interest and property tax at 28% of income.
New Mexico housing market FAQ
What is the median home price in New Mexico?
Across WealthyBud's 17 tracked New Mexico markets, median listing prices have a midpoint of $366,475 as of September 2026, from $236,000 in Deming to $776,500 in Santa Fe.
Are home prices falling in New Mexico?
10 of 17 tracked New Mexico markets have median listing prices below a year ago as of September 2026. The weakest is Roswell at -12.7%.
What is the most expensive housing market in New Mexico?
Santa Fe has the highest median listing price among tracked New Mexico markets at $776,500 (September 2026).
How much income do you need to buy a home in New Mexico?
Buying the median listing with 20% down at the current 7.28% rate takes about $60,000 a year in Deming and $196,000 in Santa Fe, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.
Working in New Mexico real estate? See New Mexico agent salary (BLS median $76,170) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.