New Mexico
Local Housing Market · Zillow ZHVI · March 2026
$316,750
Typical Home Value
▲ 1.0% YoY ▲ 0.28% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 New Mexico Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$316,750
▲ 1.0% YoY
Month-over-Month
▲ 0.28% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · New Mexico
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 13.4% YoY and listing prices are flat 0.6% YoY with 14.7% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 68 days — a slower market. Pending ratio is 0.49 — moderate demand, purchase timelines are manageable.
• New listings are roughly flat 0.8% YoY. Seller activity is stable.
Median Listing Price
$396,625
▼ 0.6% YoY
Median Days on Market
68d
0d YoY
Active Listings
6,187
▲ 13.4% YoY
New Listings
2,472
▲ 0.8% YoY
Price Reduced Share
14.7%
of active listings
Pending Ratio
0.49
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in New Mexico
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Santa Fe
▼ COOLING
National rank #184
Median Price
$799,250
Median DOM
57d
Demand score 54/100
Albuquerque
▼ COOLING
National rank #203
Median Price
$419,999
Median DOM
59d
Demand score 48/100
Las Cruces
▼ COOLING
National rank #287
Median Price
$374,975
Median DOM
62d
Demand score 3/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply