Active Listings
8
⇧ 166.7% vs 3 last year
Population: 859 · Density: 0.4/mi² · Median household income: $54,375
Typical home value: $126,589 · Homeownership: 83.5%
Data as of January 2026. Source: Realtor.com.
The MELROSE, NM real estate market (88124) currently shows 8 active listings, with 1 pending sales. Homes are averaging 88 days on the market before going under contract.
Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 88 days on market compared to 39 days last year.
The median listing price has fallen 3.7% year-over-year, from $175,500 to $169,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 88124 | Melrose, NM 88124 | 0.0 mi | 8 | $2,040,088 | $169,000 | $255,011 |
| 88101 | Clovis, NM 88101 | 21.8 mi | 264 | $61,725,312 | $219,700 | $233,808 |
| 88135 | Texico, NM 88135 | 32.3 mi | 2 | $969,900 | $484,950 | $484,950 |
| 88401 | Tucumcari, NM 88401 | 39.9 mi | 25 | $5,101,450 | $172,450 | $204,058 |
| 88119 | Fort Sumner, NM 88119 | 44.7 mi | 8 | $3,650,856 | $200,000 | $456,357 |
| 88132 | Rogers, NM 88132 | 49.3 mi | 2 | $580,000 | $290,000 | $290,000 |
| 88126 | Pep, NM 88126 | 52.0 mi | 1 | $99,900 | $99,900 | $99,900 |
| 79053 | Lazbuddie, TX 79053 | 60.8 mi | 1 | $365,000 | $365,000 | $365,000 |
| 79045 | Hereford, TX 79045 | 69.2 mi | 84 | $21,360,444 | $239,500 | $254,291 |
| 88416 | Conchas Dam, NM 88416 | 70.8 mi | 3 | $741,000 | $247,000 | $247,000 |
| 79031 | Earth, TX 79031 | 71.0 mi | 3 | $678,999 | $169,000 | $226,333 |
| 88201 | Roswell, NM 88201 | 76.8 mi | 118 | $50,317,796 | $315,000 | $426,422 |
| 88430 | Nara Visa, NM 88430 | 81.5 mi | 1 | $100,000 | $100,000 | $100,000 |
As of January 2026, there are 8 active listings in MELROSE, NM (zip code 88124), compared to 3 the prior year.
The median listing price in MELROSE, NM 88124 is $169,000 as of January 2026, a 3.7% decrease from $175,500 the prior year.
Homes in MELROSE, NM 88124 spend an average of 88 days on the market before going under contract, compared to 39 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MELROSE, NM 88124 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 39 days last year.
With SELL123.com's maximum 3% commission, sellers in MELROSE, NM 88124 save an estimated $3,380 compared to a typical 5% commission on the median listing price of $169,000. 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.