New Mexico Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

6,514

Sold (12M)

2,736

Median Price

Market Condition

Strong Buyer's Market

New Mexico Market Meter

Strong Buyer's Market

31.4 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

Avg Price/Acre

Avg Days on Market

151

Months of Supply

31.4

YoY Price Change

New Listings (3M)

1,318

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	67	241	475	978	2,086	2,986
1-2 acres	38	110	248	560	1,166	1,668
2-5 acres	23	101	197	411	879	1,367
5-10 acres	16	66	135	270	568	882
10-20 acres	18	50	104	216	442	685
20-50 acres	13	32	68	166	337	517
50-100 acres	4	11	26	49	95	143
100+ acres	4	10	27	72	151	222
TOTAL	183	621	1,280	2,722	5,724	8,470

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres978 sold / 1925 listed

1-2 acres560 sold / 1491 listed

2-5 acres411 sold / 1031 listed

5-10 acres270 sold / 712 listed

10-20 acres216 sold / 547 listed

20-50 acres166 sold / 437 listed

50-100 acres49 sold / 129 listed

100+ acres72 sold / 216 listed

Median Price by Acreage

No price data available

Key Market Indicators

Total Sales Volume

Last 12 months

Active Listings

6,514

Current inventory

Avg Days on Market

151

Time to sell

Price Trend (YoY)

Year over year

New Mexico Land Market Analysis

Is now a good time to buy land in New Mexico?

New Mexico is currently a strong buyer's market with 31.4 months of supply. Buyers have more negotiating power and can take time to find the right property.

What is the months of supply for land in New Mexico?

New Mexico currently has 31.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.

What is the median farm land value in New Mexico?

Average farm real estate in New Mexico is valued at $671/acre. Cropland specifically averages $2K/acre. Pasture land averages $539/acre. (Data from 2023)

How long does it take to sell land in New Mexico?

Land in New Mexico typically sells within 151 days of listing. The median time on market is 74 days. Properties are moving slowly in the current strong buyer's market.

What is the total land for sale in New Mexico?

There are currently 6,514 active listings in New Mexico. 1,318 new listings have hit the market in the last 90 days. The median asking price is $60K.

What is the total amount sold in New Mexico last year?

Over the past 12 months, New Mexico saw 2,736 properties sold. In just the last 3 months, 623 properties changed hands.

What is the absorption rate for land in New Mexico?

The 3-month absorption rate in New Mexico is 3.2%. The 12-month rate is 3.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.