Is now a good time to buy land in the New Mexico area?
the New Mexico area 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.
Picacho, New Mexico Land Market Statistics
Comprehensive market data and analysis
Limited data available for Picacho, New Mexico
We're showing New Mexico County statistics below to give you a broader market picture. As more transactions occur in Picacho, New Mexico, we'll update with specific local data.
View nearby areas with more activity:
Picacho, 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 | ||
|---|---|---|---|---|---|---|
| No acreage data available for Picacho, New Mexico | ||||||
📊 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)
No inventory data available
Median Price by Acreage
No price data available
Key Market Indicators
Total Sales Volume
$0
Last 12 months
Active Listings
6,514
Current inventory
Avg Days on Market
151
Time to sell
Price Trend (YoY)
-
Year over year
Picacho, New Mexico Land Market Analysis
What is the months of supply for land in the New Mexico area?
the New Mexico area 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 absorption rate for land in the New Mexico area?
The 3-month absorption rate in the New Mexico area 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.
What is the total amount sold in the New Mexico area last year?
Over the past 12 months, the New Mexico area saw 2,736 properties sold. In just the last 3 months, 623 properties changed hands.
What is the total land for sale in the New Mexico area?
There are currently 6,514 active listings in the New Mexico area. 1,318 new listings have hit the market in the last 90 days. The median asking price is $60K.
Is now a good time to invest in land in the New Mexico area?
The current absorption rate in the New Mexico area is 3.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Realty One of New Mexico.
How long does it take to sell land in the New Mexico area?
Land in the New Mexico area 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.
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 Picacho
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