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Featured local agent — Boles Acres, NM
Sarah Mitchell
Compass Real Estate · Boles Acres, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Boles Acres, NM Housing Market
The last median sale price Redfin published was $358,000, +9.8% year over year (through May 2026). With 6.0 months of supply and homes going under contract in about 268 days, Boles Acres is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $358,000 home is about $1,911/mo in principal and interest.
Key numbers for Boles Acres, NM
Median sale price
$358,000
+9.8% year over year
Redfin, through April 2026
Days on market
268
Slow-moving
Redfin, through April 2026
Active listings
6
6.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,673
Home costs 5.5x income
U.S. Census ACS, 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Boles Acres a buyer's or seller's market?
Boles Acres, NM is a buyer's market, based on 6.0 months of supply and homes selling in about 268 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Boles Acres housing market data show?
Every row below is Redfin's final published month for Boles Acres, NM. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $358,000 |
| Median list price | $489,000 |
| Year-over-year price change | +9.8% |
| Median price per sq ft | $186/sq ft |
| Median days on market | 268 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Boles Acres is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Boles Acres is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Boles Acres home prices moved?
Across the 28 months we hold for Boles Acres, NM, the median sale price rose 36.1%, from $263,000 in July 2022 to $358,000. 33.3% of Boles Acres listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Boles Acres?
Priced off the median sale price of $358,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $71,600 | $286,400 | $1,911/mo |
| 5% | $17,900 | $340,100 | $2,270/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,911, that implies roughly $81,909 a year before you add taxes and insurance. The median household in Boles Acres earns $65,673, about $16,236 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 5.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Boles Acres in the next 12 months?
Tell us your timeline. We send the Boles Acres market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Boles Acres?
Zillow does not publish a rent index (ZORI) for Boles Acres, NM, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Boles Acres?
Active listings in Boles Acres, NM went from 9 in September 2024 to 6 in April 2026, a -33.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| October 2024 | 9 | 2 |
| December 2024 | 7 | not published |
| January 2025 | 4 | not published |
| March 2025 | 5 | 2 |
| April 2025 | 4 | 1 |
| June 2025 | 4 | 2 |
| July 2025 | 2 | 1 |
| October 2025 | 4 | 2 |
| November 2025 | 3 | not published |
| December 2025 | 3 | not published |
| February 2026 | 4 | 1 |
| April 2026 | 6 | 1 |
Redfin, through April 2026
How does Boles Acres compare to New Mexico and the U.S.?
Boles Acres homes sell for $358,000 — 9% below the New Mexico median of $395,500. Against the national median of $410,700, Boles Acres runs 13% lower. Year-over-year, Boles Acres moved +9.8% against New Mexico's +10.8% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Boles Acres, NM | $358,000 | +9.8% | 268 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Boles Acres
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $358 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $358,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Boles Acres listing goes under contract in 268 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Boles Acres added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Boles Acres varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Boles Acres
There are currently 6 homes listed for sale in Boles Acres, New Mexico. The median listing price is $489K.
Active listings
6
Homes on market
Median list price
$489K
Avg. days on market
268
Days until sale
New this week
1
Newly listed
How much do homes cost in Boles Acres by property type?
How the Boles Acres, NM market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $358,000 | $186/sq ft | 1 | 268 days |
Who lives in Boles Acres?
American Community Survey estimates for Boles Acres. U.S. Census ACS, 2023
Population
1,967
Households
745
Median income
$65,673/yr
Median age
52.2 years
Owner-occupied
95.2%
Median home value
$194,500
Mean commute
31.4 min
95.2% of occupied homes in Boles Acres are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Boles Acres, NM?
Ordered by distance from Boles Acres, not by size. Compare Boles Acres side by side with any of them.
Boles Acres housing market FAQ
Is Boles Acres a buyer's or seller's market?
Boles Acres, NM is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 268 days in the last month Redfin published (May 2026).
How much do homes cost in Boles Acres?
The median sale price in the last month Redfin published was $358,000, about $186 per square foot.
Is Boles Acres cheaper than the rest of New Mexico?
Boles Acres's median sale price of $358,000 is 9% lower than the New Mexico statewide median of $395,500, and 13% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Boles Acres?
Homes in Boles Acres, NM spent a median of 268 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Boles Acres?
At the current 30-year fixed rate of 7.03%, 20% down on a $358,000 home is about $1,911 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $81,909 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,673.
Are home prices rising in Boles Acres?
Redfin's last published year-over-year change for Boles Acres, NM was +9.8%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Boles Acres?
Boles Acres ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Boles Acres?
That depends on your timeline, not on a headline. What the data says today: Boles Acres, NM is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $358,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.