Average Time to Sell a House in New Mexico

Kristen Klempert

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Kristen Klempert

August 3rd, 2022
Updated August 3rd, 2022

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Getting ready to sell your New Mexico home? Here’s how long you can expect it to take — and some tips on how to speed things up (and still get a great price).

Time to sell a home in New Mexico

  • In 2022, the average time it takes to sell a home in New Mexico — from listing through closing — is approximately 89 days. That’s 54 days to get an offer, plus the typical 35-day closing period.
  • Key factors that impact New Mexico home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
  • Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.

Read on to learn more about how long it takes to sell a house in New Mexico and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.

Editor’s Note: The data in this article may be slightly skewed because of COVID-19’s disruptive effect on real estate trends. See the table at the end of this article to compare data from before and after the pandemic and see how drastically trends were affected in your state.

What’s the average time to sell a house in New Mexico?


Average Time to Sell*
Average Price*
National
77 days
$450,000
New Mexico
89 days
$363,363
*Based on Realtor.com data (June 2022)

The average time it takes to sell a house in New Mexico is 89 days — 54 days to get an offer and an additional 35 days to close. This is approximately 15.6% slower than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.

Best time to sell a house in New Mexico

In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) times to sell your New Mexico house based on what’s most important to you:

  • Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
  • Highest Sale Price: What month should you list in to get the best possible price for your home?

» LEARN: the best time to sell in New Mexico

Best month to sell a house fast in New Mexico


Month*
Days on Market*
Best Month
June
42 days
Worst Month
January
70 days
*Based on Realtor.com data (June 2022)

The best month to sell a house fast in New Mexico is June. The median time it takes for New Mexico homes listed in June to sell is 42 days, which is 12 days faster than the annual average.

» READ: How to sell your house fast

Best month to sell a house in New Mexico for price


Month*
Average Price*
Best Month
June
$363,363
Worst Month
December
$300,000
*Based on Realtor.com data (June 2022)

The best month to sell a house in New Mexico in terms of sale price is June. The median sale price in June is $363,363, which is 13.3% — or $42,544 — more than the annual average.

Tips to get your New Mexico home sold

1. Price your home competitively

Nothing can kill the home sale like an overpriced, inflated number. A local real estate agent will provide a competitive market analysis (CMA) so you can get a better feel for what homes nearby sell for. Ensuring yours is priced to sell and to make you a profit.

2. Paint

If you need to sell fast, you might not have a ton of time for an entire overhaul or revamp. Check out trending color palettes and paint rooms accordingly. This inexpensive update can work wonders for the image of the home.

3. Xeriscape your lot

The first thing potential buyers see is the yard. New Mexico lacks water and precipitation. A lush yard that requires lots of watering may be a turnoff. Native desert plants that thrive in arid climates could be the ticket to increasing curb appeal.

4. Stage your home to sell

Hire a professional stager to use your furniture and décor, or rent a storage unit and store your stuff while the stager furnishes your home with neutral, appealing pieces.

5. Be accommodating

A flexible schedule will allow you to set tours, open houses, and private showings. The more people that see your home, the greater your chances are of selling.

Next steps for New Mexico home sellers

If you’re looking to sell your home fast in New Mexico and get a great price, Clever can help.

Clever negotiates reduced rates with top-rated real estate agents throughout New Mexico. Get full service and support for a flat $3,000 listing fee — or just 1% if your home sells for more than $350,000. You’ll still have to offer a buyer’s agent commission, per the standard rate in your area (typically 2.5-3%), but overall, you’ll still save up to 50% on standard commission fees.

» LEARN: About low-commission real estate agents

Importantly, home sellers who list with Clever get their first qualified offer in an average of 24.1 days* — that’s 30 days faster than the average time to offer in New Mexico.

Sell your house fast and save thousands!

Work with a top local agent for a fraction of the typical cost.

*Average time to offer for Clever home sellers

Average time to sell in 2019


2019*
2020*
2021*
Average Time to Sell in New Mexico:^
83 days
74 days
57 days
National Average:^
67 days
65 days
48 days
Average Listing Price in New Mexico:
$253,160
$274,142
$295,535
National Average:
$311,707
$334,043
$373,644
Best Month for Speed in New Mexico:^
June, with an average of 48 days on market
September, with an average of 59 days on market
August, with an average of 48 days on market
Best Month for Price in New Mexico:
July, with an average sale price of $260,000
September, with an average sale price of $285,450
October, with an average sale price of $311,000
*Based on data from Realtor.com
^Days to offer; does not include the typical 35 day closing period

Additional resources for New Mexico home sellers

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