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LEMITAR, NM 87823

Real Estate Market Report  ·  Socorro County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
vs 4 last year
Pending
1
25% pending ratio
Median Price
$365,000
⇧ 83.4% vs $199,000 last year
Average Price
$356,633
⇧ 35.6% vs $263,000 last year
Days on Market
99
⇧ 3.1% vs 96 days last year

Market Context

Population: 365  ·  Density: 3.0/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Analysis

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

The LEMITAR, NM real estate market (87823) currently shows 4 active listings, with 1 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 99 days on market compared to 96 days last year.

The median listing price has risen 83.4% year-over-year, from $199,000 to $365,000.

Whether you are buying or selling in LEMITAR, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 99 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $365,000 (+83.4% YoY)
  • Average: $356,633 (+35.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 66.4 miles — 547 listings ($213,192,815 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87823Lemitar, NM 878230.0 mi4$1,426,532$365,000$356,633
87831San Acacia, NM 878318.0 mi3$704,850$234,950$234,950
87006Bosque, NM 8700622.0 mi3$2,850,000$950,000$950,000
87832San Antonio, NM 8783224.8 mi5$971,665$230,000$194,333
87002Belen, NM 8700232.2 mi114$38,536,560$298,000$338,040
87031Los Lunas, NM 8703143.3 mi168$68,412,792$365,990$407,219
87042Peralta, NM 8704247.2 mi7$4,793,901$620,000$684,843
87068Bosque Farms, NM 8706852.9 mi7$3,585,750$514,500$512,250
87105Albuquerque, NM 8710558.2 mi84$34,239,576$362,500$407,614
87106Albuquerque, NM 8710660.3 mi78$35,265,048$434,900$452,116
87108Albuquerque, NM 8710865.1 mi71$21,880,141$280,250$308,171
87943Winston, NM 8794366.0 mi2$298,000$149,000$149,000
87063Willard, NM 8706366.4 mi1$228,000$228,000$228,000

Frequently Asked Questions

How many homes are for sale in LEMITAR, NM 87823?

As of January 2026, there are 4 active listings in LEMITAR, NM (zip code 87823), compared to 4 the prior year.

What is the median home price in LEMITAR, NM 87823?

The median listing price in LEMITAR, NM 87823 is $365,000 as of January 2026, a 83.4% increase from $199,000 the prior year.

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

Homes in LEMITAR, NM 87823 spend an average of 99 days on the market before going under contract, compared to 96 days the prior year.

Is it a seller's or buyer's market in LEMITAR, NM 87823?

Based on current inventory and days-on-market data as of January 2026, LEMITAR, NM 87823 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 99 days on market compared to 96 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LEMITAR, NM 87823 save an estimated $7,300 compared to a typical 5% commission on the median listing price of $365,000. 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.