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PREWITT, NM 87045

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PREWITT, NM real estate market (87045) currently shows 5 active listings, with 1 pending sales. Homes are averaging 203 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 203 days on market compared to 300 days last year.

The median listing price has risen 26.2% year-over-year, from $109,725 to $138,500.

Whether you are buying or selling in PREWITT, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,238  ·  Density: 5.4/mi²  ·  Median household income: $26,875

Typical home value: $0  ·  Homeownership: 95.2%

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$138,500
⇧ 26.2% vs $109,725 last year
Average Price
$275,000
⇧ 150.6% vs $109,725 last year
Days on Market
203
⇩ 32.3% vs 300 days last year

Price Per Square Foot

Median $/sqft
$95
⇩ 40.6% vs $160/sqft last year
Median Home Size
1,448 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 203 now vs 300 last year

Median & Average Pricing

Year over Year
  • Median: $138,500 (+26.2% YoY)
  • Average: $275,000 (+150.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 87.4 miles — 392 listings ($123,461,335 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87045Prewitt, NM 870450.0 mi5$1,531,250$138,500$306,250
87323Thoreau, NM 8732310.4 mi8$1,282,536$137,000$160,317
87020Grants, NM 8702023.9 mi29$5,599,465$169,000$193,085
87049San Fidel, NM 8704929.5 mi1$49,000$49,000$49,000
87014Cubero, NM 8701435.9 mi1$154,000$154,000$154,000
87301Gallup, NM 8730143.7 mi53$14,739,353$246,350$278,101
87326Vanderwagen, NM 8732650.8 mi1$169,000$169,000$169,000
87315Fence Lake, NM 8731559.8 mi5$1,482,500$322,500$296,500
87121Albuquerque, NM 8712169.1 mi130$42,621,800$315,000$327,860
87413Bloomfield, NM 8741373.2 mi25$8,783,125$361,000$351,325
87002Belen, NM 8700285.2 mi113$38,970,310$296,475$344,870
87046Regina, NM 8704685.6 mi4$3,108,332$599,250$777,083
87829Quemado, NM 8782987.4 mi17$4,970,664$277,500$292,392

Frequently Asked Questions

How many homes are for sale in PREWITT, NM 87045?

As of March 2026, there are 5 active listings in PREWITT, NM (zip code 87045), compared to 2 the prior year.

What is the median home price in PREWITT, NM 87045?

The median listing price in PREWITT, NM 87045 is $138,500 as of March 2026, a 26.2% increase from $109,725 the prior year.

How long do homes stay on the market in PREWITT, NM?

Homes in PREWITT, NM 87045 spend an average of 203 days on the market before going under contract, compared to 300 days the prior year.

Is it a seller's or buyer's market in PREWITT, NM 87045?

Based on current inventory and days-on-market data as of March 2026, PREWITT, NM 87045 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 203 days on market compared to 300 days last year.

How much can I save on real estate commission in PREWITT, NM?

With SELL123.com's maximum 3% commission, sellers in PREWITT, NM 87045 save an estimated $2,770 compared to a typical 5% commission on the median listing price of $138,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.