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Featured local agent — Lovington, NM
Sarah Mitchell
Compass Real Estate · Lovington, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lovington, NM Housing Market
The typical home in Lovington, NM is worth $194,790, rose 6.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $269,500, +29.6% year over year (through May 2026). With 1.1 months of supply and homes going under contract in about 49 days, Lovington is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $194,790 home is about $1,040/mo in principal and interest.
Key numbers for Lovington, NM
Typical home value
$194,790
+6.0% in 12 months
Zillow, August 2026
Median sale price
$269,500
+29.6% year over year
Redfin, through May 2026
Days on market
49
Average pace
Redfin, through May 2026
Active listings
9
1.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$67,284
Home costs 2.9x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and 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 Lovington a buyer's or seller's market?
Lovington, NM is a seller's market, based on 1.1 months of supply and homes selling in about 49 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lovington housing market data show?
Every row below is Redfin's final published month for Lovington, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $269,500 |
| Median list price | $209,000 |
| Year-over-year price change | +29.6% |
| Median price per sq ft | $147/sq ft |
| Median days on market | 49 days |
| Active inventory | 9 listings |
| Months of supply | 1.1 months |
| Homes sold (that month) | 8 |
| New listings (that month) | 4 |
| Listings with a price cut | 22.2% |
| Market condition | Seller'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 Lovington is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lovington 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 Lovington home prices moved?
Over the last three years the median sale price in Lovington, NM rose 111.4%, from $127,500 to $269,500. The live Zillow value series has rose 6.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 22.2% of Lovington listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lovington?
Priced off the typical home value of $194,790 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% | $38,958 | $155,832 | $1,040/mo |
| 5% | $9,740 | $185,051 | $1,235/mo |
Zillow, August 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 $1,040, that implies roughly $44,567 a year before you add taxes and insurance. The median household in Lovington earns $67,284, about $22,717 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lovington in the next 12 months?
Tell us your timeline. We send the Lovington 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 Lovington?
Zillow does not publish a rent index (ZORI) for Lovington, 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 Lovington?
Active listings in Lovington, NM went from 14 in May 2025 to 9 in May 2026, a -35.7% 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 |
|---|---|---|
| June 2025 | 10 | 7 |
| July 2025 | 9 | 1 |
| August 2025 | 9 | 8 |
| September 2025 | 8 | 3 |
| October 2025 | 6 | 6 |
| November 2025 | 8 | 8 |
| December 2025 | 18 | 16 |
| January 2026 | 18 | 15 |
| February 2026 | 20 | 14 |
| March 2026 | 23 | 11 |
| April 2026 | 21 | 11 |
| May 2026 | 9 | 4 |
Redfin, through May 2026
How does Lovington compare to New Mexico and the U.S.?
Lovington homes sell for $269,500 — 32% below the New Mexico median of $395,500. Against the national median of $410,700, Lovington runs 34% lower. Year-over-year, Lovington moved +29.6% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lovington, NM | $269,500 | +29.6% | 49 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lovington
What buyers should watch
- Months of supply, currently 1.1. 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 22.2%. 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 $195 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 $194,790 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 Lovington listing goes under contract in 49 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 Lovington added 4 new listings against 8 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +6.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lovington varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lovington
There are currently 9 homes listed for sale in Lovington, New Mexico. The median listing price is $209K.
Active listings
9
Homes on market
Median list price
$209K
Avg. days on market
49
Days until sale
New this week
4
Newly listed
How much do homes cost in Lovington by property type?
How the Lovington, NM market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $269,500 | $147/sq ft | 8 | 49 days |
| Townhouse | $189,900 | $111/sq ft | 1 | 13 days |
Who lives in Lovington?
American Community Survey estimates for Lovington. U.S. Census ACS, 2023
Population
11,444
Households
3,469
Median income
$67,284/yr
Median age
33 years
Owner-occupied
71.5%
Median home value
$162,900
Median gross rent
$1,063/mo
Mean commute
32.3 min
71.5% of occupied homes in Lovington 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. The Census self-reported median home value is $162,900 against Zillow's $194,790 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Lovington?
10 schools tracked · 3,405 students
The largest public schools serving Lovington, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LOVINGTON HIGH
Grades 10-12 · 763 students
TAYLOR MIDDLE
Grades 7-8 · 516 students
YARBRO ELEMENTARY
Grades 4-5 · 457 students
LLANO ELEMENTARY
Grades PK-K · 382 students
JEFFERSON ELEMENTARY
Grades 3 · 264 students
LOVINGTON FRESHMAN ACADEMY
Grades 9 · 255 students
LEA ELEMENTARY
Grades 1 · 227 students
BEN ALEXANDER ELEMENTARY
Grades 2 · 219 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lovington, NM?
Ordered by distance from Lovington, not by size. Compare Lovington side by side with any of them.
Lovington housing market FAQ
Is Lovington a buyer's or seller's market?
Lovington, NM is currently a seller's market. That read comes from 1.1 months of supply, homes going under contract in about 49 days in the last month Redfin published (May 2026).
How much do homes cost in Lovington?
The typical home in Lovington, NM is worth $194,790 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $269,500, about $147 per square foot.
Is Lovington cheaper than the rest of New Mexico?
Lovington's median sale price of $269,500 is 32% lower than the New Mexico statewide median of $395,500, and 34% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lovington?
Homes in Lovington, NM spent a median of 49 days on market before going under contract, versus 53 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lovington?
At the current 30-year fixed rate of 7.03%, 20% down on a $194,790 home is about $1,040 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $44,567 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $67,284.
Are home prices rising in Lovington?
The typical home value in Lovington, NM rose 6.0% over the last 12 months, from $183,719 to $194,790 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lovington?
Lovington 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 Lovington?
That depends on your timeline, not on a headline. What the data says today: Lovington, NM is a seller's market with 1.1 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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