Silver City, NM metro area Housing Market
Cold MarketComprehensive housing market data for the Silver City, 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
$253K
↑ 11.7% YoY
Days on Market
187 days
↑ 71.6% YoY
Active Inventory
119
↑ 7.2% YoY
Homes Sold
16
– 0.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Silver City, NM metro area Market Summary
The Silver City, NM metro area housing market is cooling down. As of March 2026, the median home sale price is $253K, up 11.7% year-over-year. Homes are spending a median of 187 days on the market, 71.6% longer than a year ago.
There are 119 homes for sale — 7.2% more than last year. With 7.4 months of supply, this is a buyer's market. 26 new listings were added during this period, down 0.0% year-over-year.
0.0% of homes sell above their asking price. 25.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
85
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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 42% below the national median, which could indicate stronger cash flow potential.
Silver City, NM metro area Market Trends
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Detailed Market Metrics
Median List Price
$305K
Price per Sq Ft
$169
Sale-to-List Ratio
N/A
Months of Supply
7.4
Sold Above List
0.0%
Price Drops
25.2%
New Listings
26
– 0.0% YoY
Pending Sales
21
Off Market in 2 Weeks
9.5%
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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.