Active Listings
6
⇩ 14.3% vs 7 last year
Data as of July 2026. Source: Realtor.com.
The MELROSE, NM real estate market (88124) currently shows 6 active listings, with 2 pending sales. Homes are averaging 102 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 102 days on market compared to 66 days last year.
The median listing price has risen 13.9% year-over-year, from $100,375 to $114,375.
Whether you are buying or selling in MELROSE, 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.
Population: 859 · Density: 0.4/mi² · Median household income: $54,375
Typical home value: $126,589 · Homeownership: 83.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 88124 | Melrose, NM 88124 | 0.0 mi | 8 | $2,283,896 | $189,250 | $285,487 |
| 88101 | Clovis, NM 88101 | 21.8 mi | 260 | $60,614,840 | $219,750 | $233,134 |
| 88130 | Portales, NM 88130 | 33.4 mi | 83 | $17,383,603 | $199,500 | $209,441 |
| 79325 | Farwell, TX 79325 | 41.3 mi | 11 | $2,682,493 | $231,750 | $243,863 |
| 88116 | Elida, NM 88116 | 44.9 mi | 1 | $119,900 | $119,900 | $119,900 |
| 79035 | Friona, TX 79035 | 50.1 mi | 8 | $2,928,000 | $256,125 | $366,000 |
| 79347 | Muleshoe, TX 79347 | 54.0 mi | 25 | $6,260,375 | $239,500 | $250,415 |
| 79371 | Sudan, TX 79371 | 66.5 mi | 2 | $384,500 | $192,250 | $192,250 |
| 88426 | Logan, NM 88426 | 69.5 mi | 15 | $4,143,555 | $246,750 | $276,237 |
| 88435 | Santa Rosa, NM 88435 | 71.0 mi | 8 | $2,949,904 | $212,500 | $368,738 |
| 88421 | Garita, NM 88421 | 73.1 mi | 1 | $385,000 | $385,000 | $385,000 |
| 79346 | Morton, TX 79346 | 77.1 mi | 1 | $215,000 | $215,000 | $215,000 |
| 79092 | Vega, TX 79092 | 83.6 mi | 5 | $771,750 | $125,625 | $154,350 |
As of July 2026, there are 6 active listings in MELROSE, NM (zip code 88124), compared to 7 the prior year.
The median listing price in MELROSE, NM 88124 is $114,375 as of July 2026, a 13.9% increase from $100,375 the prior year.
Homes in MELROSE, NM 88124 spend an average of 102 days on the market before going under contract, compared to 66 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MELROSE, NM 88124 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 102 days on market compared to 66 days last year.
With SELL123.com's maximum 3% commission, sellers in MELROSE, NM 88124 save an estimated $2,288 compared to a typical 5% commission on the median listing price of $114,375. 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.