Grants, NM metro area Housing Market
Cool MarketComprehensive housing market data for the Grants, NM metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$225K
↑ 12.5% YoY
Days on Market
77 days
↑ 305.3% YoY
Active Inventory
31
↓ 45.6% YoY
Homes Sold
7
– 0.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Grants, NM metro area Market Summary
The Grants, NM metro area housing market is cooling down. As of March 2026, the median home sale price is $225K, up 12.5% year-over-year. Homes are spending a median of 77 days on the market, 305.3% longer than a year ago.
There are 31 homes for sale — 45.6% fewer than last year. With 4.4 months of supply, this is a balanced market. 9 new listings were added during this period, down 18.2% year-over-year.
Homes are selling for 106.4% of their list price on average, indicating buyers are paying above asking. 14.3% of homes sell above their asking price. 25.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
72
Contributing Factors
How This Market Compares
vs. National Median
vs. New Mexico Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 49% below the national median, which could indicate stronger cash flow potential.
Grants, NM metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$249K
Price per Sq Ft
$123
Sale-to-List Ratio
106.4%
Months of Supply
4.4
Sold Above List
14.3%
Price Drops
25.8%
New Listings
9
↓ 18.2% YoY
Pending Sales
15
Off Market in 2 Weeks
26.7%
Other Markets in New Mexico
Las Cruces, NM metro area
$336K · 80d on market
Santa Fe, NM metro area
$605K · 88d on market
Alamogordo, NM metro area
$265K · 81d on market
Farmington, NM metro area
$355K · 40d on market
Clovis, NM metro area
$215K · 77d on market
Hobbs, NM metro area
$265K · 15d on market
Carlsbad, NM metro area
$344K · 32d on market
Roswell, NM metro area
$247K · 31d on market
Analyze a deal in Grants, NM metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.