New Mexico
Local Housing Market · Zillow ZHVI · May 2026
$319,816
Typical Home Value
▲ 1.2% YoY ▲ 0.07% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 New Mexico Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$319,816
▲ 1.2% YoY
Month-over-Month
▲ 0.07% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower now
30Y/10Y Spread
195bps
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 · June 2026
• Inventory is up 3.4% YoY and listing prices are flat 0.8% YoY with 16.8% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 66 days — a slower market. Pending ratio is 0.44 — moderate demand, purchase timelines are manageable.
• New listings are declining 2.9% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$406,975
▼ 0.8% YoY
Median Days on Market
66d
0d YoY
Active Listings
6,808
▲ 3.4% YoY
New Listings
2,572
▼ 2.9% YoY
Price Reduced Share
16.8%
of active listings
Pending Ratio
0.44
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) · June 2026
Santa Fe
▼ COOLING
National rank #170
Median Price
$834,500
Median DOM
53d
Demand score 52/100
Albuquerque
▼ COOLING
National rank #192
Median Price
$417,500
Median DOM
57d
Demand score 49/100
Las Cruces
▼ COOLING
National rank #292
Median Price
$375,000
Median DOM
69d
Demand score 4/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply