Hanover, New Mexico Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

Market Condition

Strong Buyer's Market

Hanover, New Mexico Market Meter

Strong Buyer's Market

999.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

Avg Price/Acre

Avg Days on Market

283

Months of Supply

999.0

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	-	-	-	-	-	-
1-2 acres	-	-	-	-	-	-
2-5 acres	-	-	1	1	1	1
5-10 acres	-	-	-	-	1	2
10-20 acres	-	-	-	-	1	2
20-50 acres	-	-	-	-	-	2
50-100 acres	-	-	-	1	1	1
100+ acres	-	-	-	-	-	-
TOTAL	0	0	1	2	4	8

📊 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 acres0 sold / 2 listed

2-5 acres1 sold / 0 listed

5-10 acres0 sold / 1 listed

10-20 acres0 sold / 3 listed

20-50 acres0 sold / 7 listed

50-100 acres1 sold / 0 listed

Median Price by Acreage

No price data available

Key Market Indicators

Total Sales Volume

Last 12 months

Active Listings

Current inventory

Avg Days on Market

283

Time to sell

Price Trend (YoY)

Year over year

Hanover, New Mexico Land Market Analysis

What is the absorption rate for land in Hanover, New Mexico?

The 12-month rate is 1.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

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

Over the past 12 months, Hanover, New Mexico saw 2 properties sold.

What is the total land for sale in Hanover, New Mexico?

There are currently 13 active listings in Hanover, New Mexico. 12 new listings have hit the market in the last 90 days. The median asking price is $82K.

Is now a good time to invest in land in Hanover, New Mexico?

The top-performing broker in this market is Enchantment Realty.

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

Land in Hanover, New Mexico typically sells within 283 days of listing. The median time on market is 283 days. Properties are moving slowly in the current strong buyer's market.

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.