Elephant Butte Housing Market Report April 2025•Sierra County, New Mexico

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Housing Prices in Elephant Butte, NM

How much do homes in Elephant Butte, 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.
$181,800$178/SqFt
+$41,900
+29.9%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Elephant Butte has increased by 29.9% since last year.

Summary: The median home list price in Elephant Butte was $181,800 in April 2025, up 29.9% from the previous year, and the median price per square foot was $178.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Truth or Consequences
+68.4%
Truth or Consequences East
+44.9%
Elephant Butte
+29.9%

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$139.9K-
N/A
2$110K$135K
+22.7%
3$275K-
N/A
4-$1.5M
N/A
5--
N/A

Summary: Elephant Butte 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 increased by +22.7%. 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 Elephant Butte, NM compare with other places?

Market comparison tool

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

Elephant Butte, NM

Housing supply in Elephant Butte, NM

How many homes are available in Elephant Butte, 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
2Last MonthApr 2025
22 months agoMar 2025
0.0 %
Change MoMMar – Apr

Summary: The Elephant Butte real estate market had 2 homes for sale in Apr 2025, the same as 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%
222
0.0%
300
0.0%
400
0.0%
500
0.0%

Summary: Elephant Butte 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 remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Elephant Butte, 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 Price1 Home

Insight

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

Summary: A total of 1 homes were sold or pending in Elephant Butte in April 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Elephant Butte, NM

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Elephant Butte has remained consistent over time.

Summary: During April 2025, 1 homes were sold in Elephant Butte; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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
288 DaysThis YearApr 2025
106 Days1 year agoApr 2024
+172.2 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Elephant Butte had an average listing age of 288 days in Apr 2025, up by 172.2% compared to the previous year.

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Newest Listings in Elephant Butte, NM

What homes are available in Elephant Butte, NM?

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Nearby markets aren't available for Elephant Butte, 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: 5/16/2025, 9:20:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.