#1073063, Lalaine D Stone, Listing Office: Keller Williams Realty
Elephant Butte Housing Market Report March 2025•Sierra County, New Mexico
Housing Prices in Elephant Butte, NM
How much do homes in Elephant Butte, NM cost?
Median List Price
Based on all homes listed in the last 12 months
The list price of homes in Elephant Butte has increased by 63.4% since last year.
Summary: The median home list price in Elephant Butte was $228,600 in March 2025, up 63.4% from the previous year, and the median price per square foot was $198.
Median List Price By Cities
City | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
Elephant Butte | $139.9K | $228.6K | +63.4% |
Truth or Consequences East | $137.4K | $199.3K | +45.0% |
Truth or Consequences | $135K | $170K | +25.9% |
Median List Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $139.9K | - | N/A |
22 Bedrooms | $110K | $135K | +22.7% |
33 Bedrooms | $275K | $1.2M | +336.4% |
44 Bedrooms | - | $1.5M | N/A |
55+ Bedrooms | - | - | N/A |
Summary: Elephant Butte housing price by bedroom type for March 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 increased by +336.4%. 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
Last Month | 2 months ago | Change MoM |
---|---|---|
2Last MonthMar 2025 | ||
42 months agoFeb 2025 | -50.0 % Change MoMFeb – Mar |
Summary: The Elephant Butte real estate market had 2 homes for sale in Mar 2025, a 50.0 % decrease compared to Feb 2025.
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 2 | 1 | -50.0% |
33 Bedrooms | 1 | 1 | 0.0% |
44 Bedrooms | 1 | 0 | -100.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Elephant Butte housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes remained the same.
Days on Market for Elephant Butte, NM
How long does it take to sell a home in Elephant Butte, NM?
Average Listing Age
This Year | 1 year ago | Change YoY |
---|---|---|
300 DaysThis YearMar 2025 | ||
76 Days1 year agoMar 2024 | +294.7 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Elephant Butte had an average listing age of 300 days in Mar 2025, up by 294.7% 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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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, for the period 04/01/2023 - 04/01/2025

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: 4/23/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.