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Otero County, NM Real Estate & Property Data

Otero County Real Estate Market Trends

Last Updated: April 27, 2024

With up-to-date real estate data get detailed insight into Otero County, NM sourced from the nation’s leading property data provider. The current median home price in Otero County, NM is $218,750. Otero County real estate data shows that there have been a total of 1,073 residential properties sold over the past 12 months. ATTOM’s Otero County real estate data indicates that the county has 5 properties in foreclosure.

Otero County Real Estate Market Trends

Get property data for any address in Otero County, NM or the country:

Total Residential Properties 21,021

Total Commercial Properties 961

Avg. Home Age (Single Family Home) 45 Years

Avg. Square Feet (Single Family Home) 1,620

Total 2024 Residential Sales (year-to-date) 119

% of Homes Seriously Underwater (Q2 2024) 1.51%

Total 2023 Residential Sales 1,026

% of Equity Rich Homes (Q2 2024) 12.01%

Effective 2023 Property Tax 0.53%

Total Foreclosure Filings (year-to-date) 9

Otero County, NM Real Estate Overview

There were 1,073 residential properties sold in the past year in Otero County, NM. The median home value in Otero County, NM is $168,200. There are a total of 21,021 residential properties in the Otero.

Median Sales Price i

$218,750

(Feb 2024)

+2.4%

year-over-year

y-o-y

February '24 Feb '24 $218,750
January '24 Jan '24 $231,444
December '23 Dec '23 $252,434
November '23 Nov '23 $195,527
October '23 Oct '23 $207,298
September '23 Sep '23 $235,929
August '23 Aug '23 $189,247
July '23 Jul '23 $229,099
June '23 Jun '23 $206,031
May '23 May '23 $211,914
April '23 Apr '23 $209,611
March '23 Mar '23 $204,600

Median Down Payment i

$31,875

(Feb 2024)

+9%

year-over-year

y-o-y

February '24 Feb '24 $31,875
January '24 Jan '24 $42,894
December '23 Dec '23 $26,838
November '23 Nov '23 $38,824
October '23 Oct '23 $25,000
September '23 Sep '23 $33,000
August '23 Aug '23 $28,850
July '23 Jul '23 $60,269
June '23 Jun '23 $39,000
May '23 May '23 $40,283
April '23 Apr '23 $30,756
March '23 Mar '23 $37,531

Number of Homes Sold i

67

(Feb 2024)

-21.2%

year-over-year

y-o-y

February '24 Feb '24 67
January '24 Jan '24 52
December '23 Dec '23 67
November '23 Nov '23 77
October '23 Oct '23 81
September '23 Sep '23 72
August '23 Aug '23 105
July '23 Jul '23 85
June '23 Jun '23 96
May '23 May '23 92
April '23 Apr '23 74
March '23 Mar '23 120

Number of Purchase Loans i

42

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 42
January '24 Jan '24 26
December '23 Dec '23 44
November '23 Nov '23 46
October '23 Oct '23 54
September '23 Sep '23 49
August '23 Aug '23 71
July '23 Jul '23 52
June '23 Jun '23 61
May '23 May '23 67
April '23 Apr '23 48
March '23 Mar '23 58

Number of REFI Loans i

13

(Feb 2024)

+30%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 25
December '23 Dec '23 18
November '23 Nov '23 14
October '23 Oct '23 22
September '23 Sep '23 12
August '23 Aug '23 33
July '23 Jul '23 21
June '23 Jun '23 22
May '23 May '23 20
April '23 Apr '23 25
March '23 Mar '23 18

Number of HELOC Loans i

1

(Feb 2024)

-66.7%

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 2
November '23 Nov '23 2
October '23 Oct '23 N/A
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 4
June '23 Jun '23 2
May '23 May '23 3
April '23 Apr '23 2
March '23 Mar '23 1

Otero County, NM Real Estate Market Overview

Last 30 days

City
Median Est. Value
City
Median Est. Value
City
Median Est. Value

Alamogordo
$168,200 $103.8/sqft
Bent
$219,600 $121.96/sqft
Chaparral
$144,010 $86.34/sqft
Cloudcroft
$266,117 $175.14/sqft
Dell City
$133,418 $89.67/sqft
High Rolls Mountain Park
$311,660 $175.01/sqft
Holloman Air Force Base
$148,964 $86.81/sqft
La Luz
$192,871 $111.38/sqft
Mayhill
$301,382 $175.7/sqft
Mescalero
$563,000 $301.93/sqft
Orogrande
$53,698 $45.9/sqft
Sacramento
$148,924 $110.15/sqft
Sunspot
Timberon
$138,083 $97.55/sqft
Tularosa
$147,600 $98.05/sqft
Weed
$221,148 $131.74/sqft
See More Cities Hide Cities

Otero County, NM Foreclosure Activity

There were a total of 5 Otero County, NM properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

5

(Feb 2024)

-64.3%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 4
December '23 Dec '23 3
November '23 Nov '23 6
October '23 Oct '23 9
September '23 Sep '23 13
August '23 Aug '23 3
July '23 Jul '23 3
June '23 Jun '23 14
May '23 May '23 2
April '23 Apr '23 18
March '23 Mar '23 6

Foreclosure Starts i

3

(Feb 2024)

-72.7%

year-over-year

y-o-y

February '24 Feb '24 3
January '24 Jan '24 4
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 9
September '23 Sep '23 9
August '23 Aug '23 2
July '23 Jul '23 3
June '23 Jun '23 10
May '23 May '23 N/A
April '23 Apr '23 14
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 1
November '23 Nov '23 2
October '23 Oct '23 2
September '23 Sep '23 2
August '23 Aug '23 1
July '23 Jul '23 2
June '23 Jun '23 3
May '23 May '23 N/A
April '23 Apr '23 1
March '23 Mar '23 3

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