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HILLSBORO, NM 88042

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

Market Overview

Active Listings
7
⇧ 75% vs 4 last year
Pending
1
14% pending ratio
Median Price
$465,000
⇧ 0.7% vs $461,825 last year
Average Price
$452,000
⇩ 8.2% vs $492,163 last year
Days on Market
107
⇩ 7.8% vs 116 days last year

Market Context

Population: 327  ·  Density: 0.2/mi²  ·  Median household income: $16,096

Typical home value: $0  ·  Homeownership: 79.4%

Market Analysis

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

The HILLSBORO, NM real estate market (88042) currently shows 7 active listings, with 1 pending sales. Homes are averaging 107 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 107 days on market compared to 116 days last year.

The median listing price has risen 0.7% year-over-year, from $461,825 to $465,000.

Whether you are buying or selling in HILLSBORO, 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
  • Listings: 7 this year vs 4 last year
  • Days on market: 107 now vs 116 last year

Median & Average Pricing

Year over Year
  • Median: $465,000 (+0.7% YoY)
  • Average: $452,000 (-8.2% 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 52.4 miles — 579 listings ($220,777,291 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88042Hillsboro, NM 880420.0 mi7$3,164,000$465,000$452,000
87931Caballo, NM 8793115.7 mi7$2,111,550$262,450$301,650
88041Hanover, NM 8804119.4 mi4$2,798,668$500,000$699,667
87937Hatch, NM 8793725.8 mi2$200,000$100,000$100,000
88054Radium Springs, NM 8805430.8 mi1$550,000$550,000$550,000
88026Santa Clara, NM 8802634.7 mi7$849,625$124,125$121,375
88022Arenas Valley, NM 8802236.2 mi1$350,000$350,000$350,000
88053Pinos Altos, NM 8805338.2 mi2$2,349,000$1,174,500$1,174,500
87901Truth Or Consequences, NM 8790140.4 mi46$12,637,488$215,000$274,728
88065Tyrone, NM 8806543.4 mi5$1,155,000$237,000$231,000
87943Winston, NM 8794344.3 mi2$298,000$149,000$149,000
88012Las Cruces, NM 8801248.6 mi371$133,408,632$339,900$359,592
88005Las Cruces, NM 8800552.4 mi124$60,905,328$389,999$491,172

Frequently Asked Questions

How many homes are for sale in HILLSBORO, NM 88042?

As of January 2026, there are 7 active listings in HILLSBORO, NM (zip code 88042), compared to 4 the prior year.

What is the median home price in HILLSBORO, NM 88042?

The median listing price in HILLSBORO, NM 88042 is $465,000 as of January 2026, a 0.7% increase from $461,825 the prior year.

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

Homes in HILLSBORO, NM 88042 spend an average of 107 days on the market before going under contract, compared to 116 days the prior year.

Is it a seller's or buyer's market in HILLSBORO, NM 88042?

Based on current inventory and days-on-market data as of January 2026, HILLSBORO, NM 88042 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 107 days on market compared to 116 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HILLSBORO, NM 88042 save an estimated $9,300 compared to a typical 5% commission on the median listing price of $465,000. 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.