Active Listings
4
⇩ 33.3% vs 6 last year
Data as of September 2026. Source: Realtor.com.
The MELROSE, NM real estate market (88124) currently shows 4 active listings, with 1 pending sales. Homes are averaging 110 days on the market before going under contract.
Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 110 days on market compared to 59 days last year.
The median listing price has risen 9.2% year-over-year, from $104,750 to $114,375.
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 September 2026, there are 4 active listings in MELROSE, NM (zip code 88124), compared to 6 the prior year.
The median listing price in MELROSE, NM 88124 is $114,375 as of September 2026, a 9.2% increase from $104,750 the prior year.
Homes in MELROSE, NM 88124 spend an average of 110 days on the market before going under contract, compared to 59 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MELROSE, NM 88124 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 110 days on market compared to 59 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.