Portales, NM
Housing market overview · Updated weekly
$155,000median sale price
Homes sold
9
Last 12 weeks
Days on market
62
Average pace
Active listings
45
5.0 months supply
Sale-to-list
—
Below asking
The Portales housing market is currently classified as a leaning buyer's with a median sale price of $155,000. Prices have fallen 9.6% compared to last year, with homes spending an average of 62 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Portales?
The median home sale price in Portales is $155,000, down 9.6% from last year.
How long do homes stay on market in Portales?
Homes typically spend 62 days on market before going under contract.
Is Portales a buyer's or seller's market?
With 5.0 months of supply, Portales is currently a leaning buyer's.
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