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New Mexico Homes for Sale Under 400K

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Photo 1 of Single family home for sale at 118 Dawson St, La Mesa, NM 88044 | MLS# 905382 | Listing updated on 2026-09-16

$359,950

Views: 5

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,050sqft

Single family home for sale

118 Dawson St, La Mesa, NM 88044

Home Pros Real Estate Group

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New Mexico Housing Market Overview

New Mexico is a balanced market, giving buyers and sellers room to negotiate. With 3.9 months of supply and homes averaging 62 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

62

Inventory

3,257

Sep 2021Jun 2024Sep 2026

Median Home Price

$375,000Up 3.89%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
3,257 Down 55.16%
Newly Listed Homes
1,089 Down 13.98%
Months of Supply
3.9 Down 45.83%

Housing Demand

Homes Sold
833 Down 17.03%
Sale-to-List Ratio
0% Down 0.00%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full New Mexico Market Report
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52
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45
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39
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35
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33
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30
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29
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29
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27
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24
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23
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22
Houses for Sale in Nor Este, Albuquerque
22
Houses for Sale in Victory Hills, Albuquerque
21
Houses for Sale in Near North Valley, Albuquerque
20
Houses for Sale in Barelas, Albuquerque
20
Near North Valley, Albuquerque Neighborhood Guide
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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 Oct 29, 2026, 6:30 AM. 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 Oct 29, 2026, 6:30 AM. 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

5,565

Homes Available

Median List Price icon

$ 375,000

Median List Price

Avg on Market icon

62 Days

Avg on Market