Active Listings
36
⇧ 38.5% vs 26 last year
Population: 1,718 · Density: 17.3/mi² · Median household income: $39,746
Typical home value: $187,042 · Homeownership: 86.3%
Data as of January 2026. Source: Realtor.com.
The ELEPHANT BUTTE, NM real estate market (87935) currently shows 36 active listings, with 3 pending sales. Homes are averaging 91 days on the market before going under contract.
Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.
Homes are selling faster, averaging 91 days on market compared to 112 days last year.
The median listing price has fallen 27.1% year-over-year, from $461,500 to $336,250.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 87935 | Elephant Butte, NM 87935 | 0.0 mi | 36 | $14,489,280 | $336,250 | $402,480 |
| 87901 | Truth Or Consequences, NM 87901 | 13.3 mi | 46 | $12,637,488 | $215,000 | $274,728 |
| 87931 | Caballo, NM 87931 | 23.0 mi | 7 | $2,111,550 | $262,450 | $301,650 |
| 87943 | Winston, NM 87943 | 29.2 mi | 2 | $298,000 | $149,000 | $149,000 |
| 88042 | Hillsboro, NM 88042 | 36.3 mi | 7 | $3,164,000 | $465,000 | $452,000 |
| 87937 | Hatch, NM 87937 | 45.2 mi | 2 | $200,000 | $100,000 | $100,000 |
| 88041 | Hanover, NM 88041 | 50.6 mi | 4 | $2,798,668 | $500,000 | $699,667 |
| 88012 | Las Cruces, NM 88012 | 53.1 mi | 371 | $133,408,632 | $339,900 | $359,592 |
| 87801 | Socorro, NM 87801 | 56.9 mi | 31 | $8,778,363 | $220,000 | $283,173 |
| 88053 | Pinos Altos, NM 88053 | 62.3 mi | 2 | $2,349,000 | $1,174,500 | $1,174,500 |
| 88022 | Arenas Valley, NM 88022 | 63.8 mi | 1 | $350,000 | $350,000 | $350,000 |
| 88032 | Dona Ana, NM 88032 | 65.2 mi | 3 | $1,162,500 | $387,500 | $387,500 |
| 88052 | Organ, NM 88052 | 66.5 mi | 3 | $510,000 | $170,000 | $170,000 |
As of January 2026, there are 36 active listings in ELEPHANT BUTTE, NM (zip code 87935), compared to 26 the prior year.
The median listing price in ELEPHANT BUTTE, NM 87935 is $336,250 as of January 2026, a 27.1% decrease from $461,500 the prior year.
Homes in ELEPHANT BUTTE, NM 87935 spend an average of 91 days on the market before going under contract, compared to 112 days the prior year.
Based on current inventory and days-on-market data as of January 2026, ELEPHANT BUTTE, NM 87935 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 91 days on market compared to 112 days last year.
With SELL123.com's maximum 3% commission, sellers in ELEPHANT BUTTE, NM 87935 save an estimated $6,725 compared to a typical 5% commission on the median listing price of $336,250. 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.