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New Mexico Homes for Sale Under 200K

3,087 Homes for Sale

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Photo 1 of Multi family home for sale at 701 Lava, Milan, NM 87021 | MLS# 1084438 | Listing updated on 2026-07-22

$139,000

Views: 28

Bedrooms: 5Bds

Bathrooms: 3Ba

Area: 1,922sqft

Multi family home for sale

701 Lava, Milan, NM 87021

Realty One Of New Mexico

Showing 379 - 420 of 3,087 homes for sale in New Mexico

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New Mexico Housing Market Overview

New Mexico is a balanced market, giving buyers and sellers room to negotiate. With 4.2 months of supply and homes averaging 68 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

68

Inventory

3,178

Oct 2021Jul 2024Oct 2026

Median Home Price

$369,925Up 1.14%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.18%Down 0.06%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
3,178 Down 55.37%
Newly Listed Homes
1,135 Down 4.54%
Months of Supply
4.2 Down 46.84%

Housing Demand

Homes Sold
758 Down 15.96%
Sale-to-List Ratio
0% Down 0.00%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 7.18% · Data as of Oct 2026 · Source: Houzeo Research.

View Full New Mexico Market Report
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23
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21
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21
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  • mls-img
    Based on information from the Greater El Paso Association of REALTORS® (alternatively, from GEPAR) from the Multiple Listing Service through Nov 6, 2026, 3:15 PM. Neither the Board nor GEPAR guarantees or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the Board or GEPAR may not reflect all real estate activity in the market. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Greater El Paso Association of Realtors.
  • mls-imgIDX Logo
    Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Nov 6, 2026, 3:15 PM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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Homes Available icon

3,087

Homes Available

Median List Price icon

$ 369,925

Median List Price

Avg on Market icon

68 Days

Avg on Market