Artesia, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Artesia, NM is $190,000, down 26.9% year-over-year. Homes sell in an average of 87 days with 39 active listings. The market is currently a buyer's market.
$190,000median sale price
Is Artesia a buyer's or seller's market?
Artesia, NM is currently a buyer's market, based on 7.8 months of supply and homes selling in about 87 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
87
Average pace
Active listings
39
7.8 months supply
Sale-to-list
95.5%
Below asking
Artesia, NM market data
| Metric | Value |
|---|---|
| Median sale price | $190,000 |
| Median list price | $270,000 |
| Year-over-year price change | -26.9% |
| Average days on market | 87 days |
| Active inventory | 39 listings |
| Months of supply | 7.8 months |
| Sale-to-list price ratio | 95.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Artesia housing market is currently classified as a buyer's market with a median sale price of $190,000. Prices have fallen 26.9% compared to last year, with homes spending an average of 87 days on market, indicating 7.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Artesia
There are currently 39 homes listed for sale in Artesia, New Mexico. The median listing price is $270K.
Active listings
39
Homes on market
Median list price
$270K
Avg. days on market
87
Days until sale
New this week
21
Newly listed
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Frequently asked questions
What is the average home price in Artesia?
The median home sale price in Artesia is $190,000, down 26.9% from last year.
How long do homes stay on market in Artesia?
Homes typically spend 87 days on market before going under contract.
Is Artesia a buyer's or seller's market?
With 7.8 months of supply, Artesia is currently a buyer's market.
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