Is now a good time to buy land in Farmington, New Mexico?
Farmington, New Mexico is currently a strong buyer's market with 375.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Farmington, New Mexico Land Market Statistics
Comprehensive market data and analysis• Updated Oct 2026
Active Listings
125
Sold (12M)
7
Median Price
Not public
Market Condition
Strong Buyer's Market
Farmington, New Mexico Market Meter
Strong Buyer's Market
375.0 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
65
Months of Supply
375.0
YoY Price Change
Not public
New Listings (3M)
41
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 | - | - | 1 | 2 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 7 |
📊 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 acres2 sold / 39 listed
1-2 acres1 sold / 32 listed
2-5 acres2 sold / 22 listed
5-10 acres2 sold / 7 listed
10-20 acres0 sold / 4 listed
20-50 acres0 sold / 4 listed
50-100 acres0 sold / 6 listed
100+ acres0 sold / 3 listed
Median Price by Acreage
No price data available
Key Market Indicators
Total Sales Volume
$0
Last 12 months
Active Listings
125
Current inventory
Avg Days on Market
65
Time to sell
Price Trend (YoY)
-
Year over year
Farmington, New Mexico Land Market Analysis
What is the months of supply for land in Farmington, New Mexico?
Farmington, New Mexico currently has 375.0 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 total land for sale in Farmington, New Mexico?
There are currently 125 active listings in Farmington, New Mexico. 41 new listings have hit the market in the last 90 days. The median asking price is $95K.
What is the absorption rate for land in Farmington, New Mexico?
The 3-month absorption rate in Farmington, New Mexico is 0.3%. The 12-month rate is 0.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
How long does it take to sell land in Farmington, New Mexico?
Land in Farmington, New Mexico typically sells within 65 days of listing. The median time on market is 20 days. Properties are moving at a moderate pace in the current strong buyer's market.
Is now a good time to invest in land in Farmington, New Mexico?
The current absorption rate in Farmington, New Mexico is 0.3% (3-month basis), indicating slow demand. The top-performing broker in this market is CENTURY 21 Camco Realty.
What is the total amount sold in Farmington, New Mexico last year?
Over the past 12 months, Farmington, New Mexico saw 7 properties sold. In just the last 3 months, 1 properties changed hands.
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 Farmington
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