The typical home listed in New Mexico is priced at $399,475, roughly flat compared with a year ago. Homes are spending a median of 80 days on the market, indicating a slower market that favors buyers. Against a median household income of $64,059, the price-to-income ratio is about 6.2, a expensive level for local buyers.
| Metric | Value |
|---|---|
| Median Listing Price | $399,475 |
| YoY Price Change | 0.0% |
| Median Days on Market | 80 days |
| Active Listings | 7,322 |
| Median Household Income | $64,059 |
| Homeownership Rate | 70.0% |
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