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Featured local agent — Portales, NM
Sarah Mitchell
Compass Real Estate · Portales, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Portales, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$140,000median sale price
How is the Portales, NM housing market right now?
The median home sale price in Portales, NM is $140,000, down 12.5% year-over-year. Homes sell in an average of 48 days with 37 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Portales a buyer's or seller's market?
Portales, NM is currently a seller's market, based on 2.2 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
48
Average pace
Active listings
37
2.2 months supply
Sale-to-list
—
Below asking
What does the Portales housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $140,000 |
| Median list price | $187,500 |
| Year-over-year price change | -12.5% |
| Average days on market | 48 days |
| Active inventory | 37 listings |
| Months of supply | 2.2 months |
| Median price per sq ft | $86/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 14 |
| Listings with a price cut | 29.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Portales by property type?
How the Portales, 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 | $135,000 | $85/sq ft | 15 | 48 days |
Source: Redfin · Updated monthly
The Portales housing market is currently classified as a seller's market with a median sale price of $140,000. Prices have fallen 12.5% compared to last year, with homes spending an average of 48 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.7x provides context for how home values compare to local earning capacity.
Homes for sale in Portales
There are currently 37 homes listed for sale in Portales, New Mexico. The median listing price is $188K.
Active listings
37
Homes on market
Median list price
$188K
Avg. days on market
48
Days until sale
New this week
14
Newly listed
Who lives in Portales?
Population
12,023
Median income
$51,290/yr
Median age
27.7 years
Owner-occupied
53.0%
College grads
26.4%
Avg commute
14.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Portales?
Zillow home value
$136,565
Zillow rent index
$862/mo
Price-to-rent ratio
13.2x
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Portales?
Portales is a community of approximately 12K residents with a median age of 27.7 years.The median household income is $51,290, which represents a working-class community with solid middle-income opportunities. 26.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.0%, showing a blend of owner and renter-occupied properties. The average commute time is 14.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Portales offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Portales, NM?
Want a head-to-head view? Compare Portales side-by-side with any other U.S. city using our market-comparison tool.
Is Portales a good real estate investment market?
For investors evaluating Portales, the price-to-rent ratio of 13.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 12.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Portales's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Portales's median home price.
Frequently asked questions
What is the average home price in Portales?
The median home sale price in Portales is $140,000, down 12.5% from last year.
How long do homes stay on market in Portales?
Homes typically spend 48 days on market before going under contract.
What is the median income in Portales?
The median household income is $51,290 per year.
Is Portales a buyer's or seller's market?
With 2.2 months of supply, Portales is currently a seller's market.
What is the Zillow home value estimate for Portales?
The Zillow Home Value Index (ZHVI) for Portales is $136,565, representing the typical home value in the area.
How much does a single-family home cost in Portales?
The median single-family home price in Portales, NM is $135,000 (about $85 per square foot).
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