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MESQUITE, NM 88048

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MESQUITE, NM real estate market (88048) currently shows 7 active listings, with 4 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 118 days on market compared to 103 days last year.

The median listing price has fallen 29.9% year-over-year, from $284,000 to $199,000.

Whether you are buying or selling in MESQUITE, 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: 3,211  ·  Density: 56.8/mi²  ·  Median household income: $45,247

Typical home value: $113,319  ·  Homeownership: 85.2%

Market Overview

Active Listings
7
⇧ 133.3% vs 3 last year
Pending
4
57% pending ratio
Median Price
$199,000
⇩ 29.9% vs $284,000 last year
Average Price
$265,453
⇩ 6.5% vs $284,000 last year
Days on Market
118
⇧ 14.6% vs 103 days last year

Price Per Square Foot

Median $/sqft
$132
⇩ 2.2% vs $135/sqft last year
Median Home Size
1,505 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 3 last year
  • Days on market: 118 now vs 103 last year

Median & Average Pricing

Year over Year
  • Median: $199,000 (-29.9% YoY)
  • Average: $265,453 (-6.5% 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 24.1 miles — 1,127 listings ($471,843,908 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88048Mesquite, NM 880480.0 mi6$1,929,600$274,950$321,600
88058San Miguel, NM 880583.1 mi1$220,000$220,000$220,000
88024Berino, NM 880246.3 mi2$697,000$348,500$348,500
88001Las Cruces, NM 8800111.2 mi104$25,567,984$229,025$245,846
79821Anthony, TX 7982112.5 mi26$8,747,518$287,950$336,443
88021Anthony, NM 8802115.3 mi27$18,899,055$549,750$699,965
88011Las Cruces, NM 8801117.5 mi297$147,638,403$411,500$497,099
79934El Paso, TX 7993418.9 mi229$65,290,419$284,950$285,111
88005Las Cruces, NM 8800520.1 mi136$66,292,928$373,500$487,448
79912El Paso, TX 7991222.1 mi201$98,006,595$405,935$487,595
88081Chaparral, NM 8808122.7 mi24$7,756,512$290,987$323,188
79904El Paso, TX 7990423.9 mi54$14,207,454$238,499$263,101
79922El Paso, TX 7992224.1 mi20$16,590,440$637,000$829,522

Frequently Asked Questions

How many homes are for sale in MESQUITE, NM 88048?

As of March 2026, there are 7 active listings in MESQUITE, NM (zip code 88048), compared to 3 the prior year.

What is the median home price in MESQUITE, NM 88048?

The median listing price in MESQUITE, NM 88048 is $199,000 as of March 2026, a 29.9% decrease from $284,000 the prior year.

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

Homes in MESQUITE, NM 88048 spend an average of 118 days on the market before going under contract, compared to 103 days the prior year.

Is it a seller's or buyer's market in MESQUITE, NM 88048?

Based on current inventory and days-on-market data as of March 2026, MESQUITE, NM 88048 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 118 days on market compared to 103 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MESQUITE, NM 88048 save an estimated $3,980 compared to a typical 5% commission on the median listing price of $199,000. 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.