Portales, NM metro area Housing Market
Cold MarketComprehensive housing market data for the Portales, NM metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$210K
↓ 14.0% YoY
Days on Market
61 days
↓ 70.0% YoY
Active Inventory
64
↓ 22.9% YoY
Homes Sold
7
↓ 50.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Portales, NM metro area Market Summary
The Portales, NM metro area housing market is cooling down. As of January 2026, the median home sale price is $210K, down 14.0% year-over-year. Homes are spending a median of 61 days on the market, 70.0% shorter than a year ago.
There are 64 homes for sale — 22.9% fewer than last year. With 9.1 months of supply, this is a buyer's market. 18 new listings were added during this period, down 10.0% year-over-year.
0.0% of homes sell above their asking price. 18.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
80
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. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 50% below the national median, which could indicate stronger cash flow potential.
Portales, NM metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Not enough data for Sale-to-List Ratio trend
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$203K
Price per Sq Ft
$125
Sale-to-List Ratio
N/A
Months of Supply
9.1
Sold Above List
0.0%
Price Drops
18.8%
New Listings
18
↓ 10.0% YoY
Pending Sales
13
Off Market in 2 Weeks
30.8%
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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.