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.
Comprehensive market data and analysis• Updated Dec 2025
31.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 67 | 241 | 475 | 978 |
| 1-2 acres | 38 | 110 | 248 | 560 |
| 2-5 acres | 23 | 101 | 197 | 411 |
| 5-10 acres | 16 | 66 | 135 | 270 |
| 10-20 acres | 18 | 50 | 104 | 216 |
| 20-50 acres | 13 | 32 | 68 | 166 |
| 50-100 acres | 4 | 11 | 26 | 49 |
| 100+ acres | 4 | 10 | 27 | 72 |
| TOTAL | 183 | 621 | 1,280 | 2,722 |
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.
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.
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)
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.
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.
Over the past 12 months, New Mexico saw 2,736 properties sold. In just the last 3 months, 623 properties changed hands.
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.
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.