Portales, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Portales, NM is $155,000, down 9.6% year-over-year. Homes sell in an average of 62 days with 45 active listings. The market is currently a leaning buyer's.
$155,000median sale price
Is Portales a buyer's or seller's market?
Portales, NM is currently a leaning buyer's, based on 5.0 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
62
Average pace
Active listings
45
5.0 months supply
Sale-to-list
—
Below asking
Portales, NM market data
| Metric | Value |
|---|---|
| Median sale price | $155,000 |
| Median list price | $179,000 |
| Year-over-year price change | -9.6% |
| Average days on market | 62 days |
| Active inventory | 45 listings |
| Months of supply | 5.0 months |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Portales housing market is currently classified as a leaning buyer's with a median sale price of $155,000. Prices have fallen 9.6% compared to last year, with homes spending an average of 62 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Portales
There are currently 45 homes listed for sale in Portales, New Mexico. The median listing price is $179K.
Active listings
45
Homes on market
Median list price
$179K
Avg. days on market
62
Days until sale
New this week
12
Newly listed
Top public schools in Portales
6 schools tracked · 2,570 students
The largest public schools serving Portales, 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.
PORTALES HIGH
Grades 9-12 · 798 students
LINDSEY-STEINER ELEMENTARY
Grades 5-6 · 382 students
JAMES ELEMENTARY
Grades 1-2 · 375 students
VALENCIA ELEMENTARY
Grades 3-4 · 357 students
PORTALES JR HIGH
Grades 7-8 · 347 students
BROWN EARLY CHILDHOOD CENTER
Grades PK-K · 311 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Portales?
The median home sale price in Portales is $155,000, down 9.6% from last year.
How long do homes stay on market in Portales?
Homes typically spend 62 days on market before going under contract.
Is Portales a buyer's or seller's market?
With 5.0 months of supply, Portales is currently a leaning buyer's.
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