88318 Housing Market Report April 2025•Lincoln County, New Mexico

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Housing Prices in 88318, NM

How much do homes in 88318, NM cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$459,000$258/SqFt
-$41,000
-8.2%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 88318 has decreased by 8.2% since last year.

Summary: The median home list price in 88318 was $459,000 in April 2025, down 8.2% from the previous year, and the median price per square foot was $258.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2-$450K
N/A
3$500K$500K
0.0%
4-$459K
N/A
5--
N/A

Summary: 88318 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 88318, NM compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

88318, NM

Housing supply in 88318, NM

How many homes are available in 88318, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthApr 2025
42 months agoMar 2025
+25.0 %
Change MoMMar – Apr

Summary: The 88318 real estate market had 5 homes for sale in Apr 2025, a 25.0 % increase compared to Mar 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
211
0.0%
311
0.0%
423
+50.0%
500
0.0%

Summary: 88318 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 88318, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 88318, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 88318 in April 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 88318, NM

How long does it take to sell a home in 88318, NM?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Most homes in 88318 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2025, 2 homes were sold in 88318; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
303 DaysThis YearApr 2025
345 Days1 year agoApr 2024
-12.1 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in 88318 had an average listing age of 303 days in Apr 2025, down by 12.1% compared to the previous year.

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Newest Listings in 88318, NM

What homes are available in 88318, NM?

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Nearby markets aren't available for 88318, NM

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MLS Disclaimers and Copyright

Based on information from Southwest Multiple Listing Service, for the period 05/01/2023 - 05/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.