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ELIDA, NM 88116

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELIDA, NM real estate market (88116) currently shows 1 active listings.

Inventory levels are unchanged compared to last year.

The median listing price has fallen 4.1% year-over-year, from $125,000 to $119,900.

Whether you are buying or selling in ELIDA, 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: 458  ·  Density: 0.1/mi²  ·  Median household income: $56,250

Typical home value: $0  ·  Homeownership: 86.3%

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$119,900
⇩ 4.1% vs $125,000 last year
Average Price
$119,900
⇩ 4.1% vs $125,000 last year
Days on Market
⇩ 100% vs 237 days last year

Price Per Square Foot

Median $/sqft
$70
⇩ 4.1% vs $73/sqft last year
Median Home Size
1,703 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year
  • Median: $119,900 (-4.1% YoY)
  • Average: $119,900 (-4.1% 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 83.8 miles — 627 listings ($189,526,392 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88116Elida, NM 881160.0 mi1$119,900$119,900$119,900
88130Portales, NM 8813033.1 mi83$17,383,603$199,500$209,441
88201Roswell, NM 8820141.4 mi127$54,631,590$316,500$430,170
88119Fort Sumner, NM 8811945.5 mi10$4,484,380$287,500$448,438
88101Clovis, NM 8810152.6 mi260$60,614,840$219,750$233,134
88230Dexter, NM 8823057.6 mi7$1,892,800$255,500$270,400
79346Morton, TX 7934660.0 mi1$215,000$215,000$215,000
79325Farwell, TX 7932561.7 mi11$2,682,493$231,750$243,863
88135Texico, NM 8813562.5 mi2$398,000$199,000$199,000
88260Lovington, NM 8826067.4 mi36$9,718,200$253,000$269,950
88253Lake Arthur, NM 8825375.4 mi1$70,000$70,000$70,000
88210Artesia, NM 8821080.9 mi63$23,785,461$295,000$377,547
88242Hobbs, NM 8824283.8 mi25$13,530,125$364,750$541,205

Frequently Asked Questions

How many homes are for sale in ELIDA, NM 88116?

As of March 2026, there are 1 active listings in ELIDA, NM (zip code 88116), compared to 1 the prior year.

What is the median home price in ELIDA, NM 88116?

The median listing price in ELIDA, NM 88116 is $119,900 as of March 2026, a 4.1% decrease from $125,000 the prior year.

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

Homes in ELIDA, NM 88116 spend an average of 0 days on the market before going under contract, compared to 237 days the prior year.

Is it a seller's or buyer's market in ELIDA, NM 88116?

Based on current inventory and days-on-market data as of March 2026, ELIDA, NM 88116 is currently a Balanced Market. Inventory levels are unchanged compared to last year.

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

With SELL123.com's maximum 3% commission, sellers in ELIDA, NM 88116 save an estimated $2,398 compared to a typical 5% commission on the median listing price of $119,900. 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.