Active Listings
43
⇧ 72% vs 25 last year
Data as of March 2026. Source: Realtor.com.
The ELEPHANT BUTTE, NM real estate market (87935) currently shows 43 active listings, with 8 pending sales. Homes are averaging 98 days on the market before going under contract.
Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.
Homes are selling faster, averaging 98 days on market compared to 135 days last year.
The median listing price has fallen 23.8% year-over-year, from $439,000 to $334,375.
Whether you are buying or selling in ELEPHANT BUTTE, 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.
Population: 1,718 · Density: 17.3/mi² · Median household income: $39,746
Typical home value: $187,042 · Homeownership: 86.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 87935 | Elephant Butte, NM 87935 | 0.0 mi | 39 | $15,898,701 | $333,750 | $407,659 |
| 87901 | Truth Or Consequences, NM 87901 | 13.3 mi | 49 | $12,562,718 | $209,450 | $256,382 |
| 87931 | Caballo, NM 87931 | 23.0 mi | 6 | $1,853,880 | $259,900 | $308,980 |
| 87943 | Winston, NM 87943 | 29.2 mi | 3 | $447,000 | $149,000 | $149,000 |
| 88042 | Hillsboro, NM 88042 | 36.3 mi | 8 | $3,424,896 | $457,500 | $428,112 |
| 87937 | Hatch, NM 87937 | 45.2 mi | 3 | $523,500 | $174,500 | $174,500 |
| 88041 | Hanover, NM 88041 | 50.6 mi | 5 | $3,082,500 | $490,000 | $616,500 |
| 88012 | Las Cruces, NM 88012 | 53.1 mi | 364 | $130,602,108 | $338,606 | $358,797 |
| 87801 | Socorro, NM 87801 | 56.9 mi | 28 | $7,898,436 | $228,725 | $282,087 |
| 88053 | Pinos Altos, NM 88053 | 62.3 mi | 2 | $743,400 | $371,700 | $371,700 |
| 88034 | Faywood, NM 88034 | 63.3 mi | 0 | $0 | $429,000 | $429,000 |
| 88026 | Santa Clara, NM 88026 | 63.9 mi | 8 | $968,800 | $120,000 | $121,100 |
| 87823 | Lemitar, NM 87823 | 66.0 mi | 4 | $1,523,900 | $392,500 | $380,975 |
As of March 2026, there are 43 active listings in ELEPHANT BUTTE, NM (zip code 87935), compared to 25 the prior year.
The median listing price in ELEPHANT BUTTE, NM 87935 is $334,375 as of March 2026, a 23.8% decrease from $439,000 the prior year.
Homes in ELEPHANT BUTTE, NM 87935 spend an average of 98 days on the market before going under contract, compared to 135 days the prior year.
Based on current inventory and days-on-market data as of March 2026, ELEPHANT BUTTE, NM 87935 is currently a Balanced Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are selling faster, averaging 98 days on market compared to 135 days last year.
With SELL123.com's maximum 3% commission, sellers in ELEPHANT BUTTE, NM 87935 save an estimated $6,688 compared to a typical 5% commission on the median listing price of $334,375. 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.