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Featured local agent — Fairacres, NM
Sarah Mitchell
Compass Real Estate · Fairacres, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairacres, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Fairacres, NM housing market right now?
The median home sale price in Fairacres, NM is $350,000. Homes sell in an average of 2 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fairacres a buyer's or seller's market?
Fairacres, NM is currently a balanced market and homes selling in about 2 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
2
Fast-moving
Active listings
—
Sale-to-list
—
Below asking
What does the Fairacres housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Average days on market | 2 days |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Fairacres by property type?
How the Fairacres, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,000 | $184/sq ft | 1 | 2 days |
Source: Redfin · Updated monthly
The Fairacres housing market is currently classified as a balanced market with a median sale price of $350,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 2 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Fairacres
Explore homes currently listed for sale in Fairacres, New Mexico across major real estate platforms.
Who lives in Fairacres?
Population
395
Median age
43.9 years
Owner-occupied
96.1%
College grads
21.5%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Fairacres?
Fairacres is a community of approximately 0K residents with a median age of 43.9 years. 21.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 96.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fairacres offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Fairacres, NM?
Want a head-to-head view? Compare Fairacres side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fairacres?
The median home sale price in Fairacres is $350,000, down 0.0% from last year.
How long do homes stay on market in Fairacres?
Homes typically spend 2 days on market before going under contract.
How much does a single-family home cost in Fairacres?
The median single-family home price in Fairacres, NM is $350,000 (about $184 per square foot).
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