Is now a good time to buy land in New Mexico?
New Mexico is currently a strong buyer's market with 28.9 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Mexico Land Market Statistics
Comprehensive market data and analysis• Updated Oct 2026
Active Listings
6,529
Sold (12M)
2,848
Median Price
Not public
Market Condition
Strong Buyer's Market
New Mexico Market Meter
Strong Buyer's Market
28.9 months of supply
High inventory favors buyers with more choices and negotiating power.
Market Overview
Median Price
Not public
Avg Price/Acre
Not public
Avg Days on Market
156
Months of Supply
28.9
YoY Price Change
Not public
New Listings (3M)
1,587
New Mexico does not make land sale prices public, so sold prices are not shown here. Sales counts, days on market and months of supply are still real.
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 66 | 224 | 473 | 1,012 |
| 1-2 acres | 33 | 130 | 289 | 558 |
| 2-5 acres | 36 | 112 | 223 | 440 |
| 5-10 acres | 19 | 72 | 150 | 299 |
| 10-20 acres | 23 | 70 | 133 | 242 |
| 20-50 acres | 10 | 41 | 80 | 170 |
| 50-100 acres | 1 | 8 | 19 | 45 |
| 100+ acres | 3 | 17 | 40 | 67 |
| TOTAL | 191 | 674 | 1,407 | 2,833 |
📊 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 acres1012 sold / 1880 listed
1-2 acres558 sold / 1405 listed
2-5 acres440 sold / 1152 listed
5-10 acres299 sold / 670 listed
10-20 acres242 sold / 597 listed
20-50 acres170 sold / 448 listed
50-100 acres45 sold / 132 listed
100+ acres67 sold / 207 listed
Median Price by Acreage
No price data available
Key Market Indicators
Total Sales Volume
$0
Last 12 months
Active Listings
6,529
Current inventory
Avg Days on Market
156
Time to sell
Price Trend (YoY)
-
Year over year
New Mexico Land Market Analysis
What is the months of supply for land in New Mexico?
New Mexico currently has 28.9 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 156 days of listing. The median time on market is 79 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 6,529 active listings in New Mexico. 1,587 new listings have hit the market in the last 90 days. The median asking price is $65K.
What is the total amount sold in New Mexico last year?
Over the past 12 months, New Mexico saw 2,848 properties sold. In just the last 3 months, 677 properties changed hands.
What is the absorption rate for land in New Mexico?
The 3-month absorption rate in New Mexico is 3.5%. The 12-month rate is 3.6%. 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
Land in New Mexico
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