$1,445
- 3 bd
- 1 ba
- 1,346 sqft
602 Stonewood Ave NW
Specific data for this location is not currently available. The data shown is for the surrounding area.
New Mexico Housing Market
$315,812
1.7% 1-yrThe average New Mexico home value is $315,812, up 1.7% over the past year, and homes go to pending in around 27 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
New Mexico Key Takeaways
Typical Home Values: $315,812
1-Year Value Change: +1.7%
(Data through September 30, 2026)
New Mexico Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 8,955 ()
New Listings: 2,090 ()
Median Sale to List Ratio: 0.990 ()
Median Sale Price: $350,541 ()
Median List Price: $397,667 ()
Percent of Sales Over List Price: 17.3% ()
Percent of Sales Under List Price: 55.8% ()
Median Days to Pending: 27 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
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New Mexico Rental Market Trends
Average Rent: --
National Average Rent: $1,932 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in New Mexico?
The median home value in New Mexico is $315,812 as of September 2026. This represents a 1.7% increase year-over-year.
How do home values in New Mexico compare to the national average?
The median home value in New Mexico ($315,812) is lower than the U.S. national median ($366,157), representing a 13.7% difference.
Which counties in New Mexico have the highest home values?
The counties with the highest median home values in New Mexico include: Los Alamos County ($579,389), Santa Fe County ($548,874), Taos County ($424,746), Sandoval County ($373,280), Bernalillo County ($347,674).
What metros in New Mexico have the fastest growing home values?
Metro areas with the highest year-over-year home value growth in New Mexico include: Farmington, NM (6.8%), Albuquerque, NM (1.5%), Santa Fe, NM (0.8%).
