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Featured local agent — Tularosa, NM
Sarah Mitchell
Compass Real Estate · Tularosa, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tularosa, NM Housing Market
The typical home in Tularosa, NM is worth $189,033, fell 1.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $159,950, -45.8% year over year (through May 2026). With 10.0 months of supply and homes going under contract in about 59 days, Tularosa is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $189,033 home is about $1,009/mo in principal and interest.
Key numbers for Tularosa, NM
Typical home value
$189,033
-1.9% in 12 months
Zillow, August 2026
Median sale price
$159,950
-45.8% year over year
Redfin, through May 2026
Days on market
59
Average pace
Redfin, through May 2026
Active listings
10
10.0 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
$45,147
Home costs 4.2x 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 Tularosa a buyer's or seller's market?
Tularosa, NM is a buyer's market, based on 10.0 months of supply and homes selling in about 59 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Tularosa housing market data show?
Every row below is Redfin's final published month for Tularosa, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $159,950 |
| Median list price | $199,900 |
| Year-over-year price change | -45.8% |
| Median price per sq ft | $157/sq ft |
| Median days on market | 59 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 3 |
| Listings with a price cut | 20.0% |
| 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 Tularosa is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Tularosa 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 Tularosa home prices moved?
Over the last three years the median sale price in Tularosa, NM rose 25.5%, from $127,500 to $159,950. The live Zillow value series has fell 1.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 20.0% of Tularosa 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 Tularosa?
Priced off the typical home value of $189,033 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% | $37,807 | $151,227 | $1,009/mo |
| 5% | $9,452 | $179,582 | $1,198/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 $1,009, that implies roughly $43,250 a year before you add taxes and insurance. The median household in Tularosa earns $45,147, about $1,897 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 4.2x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Tularosa in the next 12 months?
Tell us your timeline. We send the Tularosa 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 Tularosa?
Zillow does not publish a rent index (ZORI) for Tularosa, 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 Tularosa?
Active listings in Tularosa, NM went from 8 in January 2025 to 10 in May 2026, a +25.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| March 2025 | 4 | 1 |
| April 2025 | 6 | 4 |
| May 2025 | 5 | 1 |
| July 2025 | 6 | 1 |
| August 2025 | 6 | 2 |
| September 2025 | 9 | 3 |
| October 2025 | 10 | 2 |
| December 2025 | 9 | not published |
| February 2026 | 10 | 2 |
| March 2026 | 9 | not published |
| April 2026 | 8 | 1 |
| May 2026 | 10 | 3 |
Redfin, through May 2026
How does Tularosa compare to New Mexico and the U.S.?
Tularosa homes sell for $159,950 — 60% below the New Mexico median of $395,500. Against the national median of $410,700, Tularosa runs 61% lower. Year-over-year, Tularosa moved -45.8% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Tularosa, NM | $159,950 | -45.8% | 59 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 Tularosa
What buyers should watch
- Months of supply, currently 10.0. 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 20.0%. 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 $189 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 $189,033 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 Tularosa listing goes under contract in 59 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 Tularosa added 3 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.9% 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 Tularosa varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Tularosa
There are currently 10 homes listed for sale in Tularosa, New Mexico. The median listing price is $200K.
Active listings
10
Homes on market
Median list price
$200K
Avg. days on market
59
Days until sale
New this week
3
Newly listed
How much do homes cost in Tularosa by property type?
How the Tularosa, 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 | $159,950 | $157/sq ft | 1 | 59 days |
Who lives in Tularosa?
American Community Survey estimates for Tularosa. U.S. Census ACS, 2023
Population
2,584
Households
624
Median income
$45,147/yr
Median age
25.7 years
Owner-occupied
81.9%
Median home value
$117,600
Median gross rent
$1,043/mo
Mean commute
24 min
81.9% of occupied homes in Tularosa 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 $117,600 against Zillow's $189,033 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Tularosa?
4 schools tracked · 934 students
The largest public schools serving Tularosa, 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.
TULAROSA HIGH
Grades 9-12 · 299 students
TULAROSA INTERMEDIATE
Grades 3-6 · 292 students
TULAROSA ELEMENTARY
Grades PK-2 · 211 students
TULAROSA MIDDLE
Grades 7-8 · 132 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 Tularosa, NM?
Ordered by distance from Tularosa, not by size. Compare Tularosa side by side with any of them.
Tularosa housing market FAQ
Is Tularosa a buyer's or seller's market?
Tularosa, NM is currently a buyer's market. That read comes from 10.0 months of supply, homes going under contract in about 59 days in the last month Redfin published (May 2026).
How much do homes cost in Tularosa?
The typical home in Tularosa, NM is worth $189,033 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $159,950, about $157 per square foot.
Is Tularosa cheaper than the rest of New Mexico?
Tularosa's median sale price of $159,950 is 60% lower than the New Mexico statewide median of $395,500, and 61% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Tularosa?
Homes in Tularosa, NM spent a median of 59 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 Tularosa?
At the current 30-year fixed rate of 7.03%, 20% down on a $189,033 home is about $1,009 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $43,250 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $45,147.
Are home prices rising in Tularosa?
The typical home value in Tularosa, NM fell 1.9% over the last 12 months, from $192,607 to $189,033 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Tularosa?
Tularosa 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 Tularosa?
That depends on your timeline, not on a headline. What the data says today: Tularosa, NM is a buyer's market with 10.0 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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