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SILVER CITY, NM 88061

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

Market Analysis

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

The SILVER CITY, NM real estate market (88061) currently shows 97 active listings, with 21 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 107 days on market compared to 81 days last year.

The median listing price has risen 4.9% year-over-year, from $375,000 to $393,500.

Whether you are buying or selling in SILVER CITY, 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: 17,784  ·  Density: 7.7/mi²  ·  Median household income: $46,627

Typical home value: $185,245  ·  Homeownership: 68.0%

Market Overview

Active Listings
97
⇧ 14.1% vs 85 last year
Pending
21
22% pending ratio
Median Price
$393,500
⇧ 4.9% vs $375,000 last year
Average Price
$409,490
⇩ 17.2% vs $494,770 last year
Days on Market
107
⇧ 32.1% vs 81 days last year

Price Per Square Foot

Median $/sqft
$174
⇩ 10.3% vs $194/sqft last year
Median Home Size
2,087 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 97 this year vs 85 last year
  • Days on market: 107 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $393,500 (+4.9% YoY)
  • Average: $409,490 (-17.2% 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
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 66.2 miles — 271 listings ($85,741,627 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88061Silver City, NM 880610.0 mi98$36,970,892$373,750$377,254
88043Hurley, NM 8804317.0 mi10$1,495,560$172,250$149,556
88022Arenas Valley, NM 8802217.9 mi1$350,000$350,000$350,000
88053Pinos Altos, NM 8805322.1 mi2$743,400$371,700$371,700
88045Lordsburg, NM 8804526.7 mi9$2,115,990$144,550$235,110
88038Gila, NM 8803831.2 mi1$749,000$749,000$749,000
88049Mimbres, NM 8804935.5 mi15$5,573,370$338,750$371,558
85534Duncan, AZ 8553443.4 mi3$1,074,876$394,975$358,292
88030Deming, NM 8803049.7 mi113$30,279,254$229,500$267,958
85632San Simon, AZ 8563259.7 mi7$2,936,500$349,500$419,500
87930Arrey, NM 8793064.2 mi1$365,000$365,000$365,000
87942Williamsburg, NM 8794265.5 mi8$2,621,336$364,500$327,667
85605Bowie, AZ 8560566.2 mi3$466,449$71,450$155,483

Frequently Asked Questions

How many homes are for sale in SILVER CITY, NM 88061?

As of March 2026, there are 97 active listings in SILVER CITY, NM (zip code 88061), compared to 85 the prior year.

What is the median home price in SILVER CITY, NM 88061?

The median listing price in SILVER CITY, NM 88061 is $393,500 as of March 2026, a 4.9% increase from $375,000 the prior year.

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

Homes in SILVER CITY, NM 88061 spend an average of 107 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in SILVER CITY, NM 88061?

Based on current inventory and days-on-market data as of March 2026, SILVER CITY, NM 88061 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 107 days on market compared to 81 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SILVER CITY, NM 88061 save an estimated $7,870 compared to a typical 5% commission on the median listing price of $393,500. 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.