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Chaves County, NM
Chaves County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
Median $/acre
$1,424/ac
12-month change
+2.0%
Sales (12 mo)
31
Median days on market
97 d
Monthly absorption
12.8%
Median price per acre · 36 months
Recorded sales volume · monthly
Price per acre by tract size
| 0–5 ac | 18 listed | $1,393/ac |
| 5–20 ac | 13 listed | $1,341/ac |
| 20–50 ac | 17 listed | $1,277/ac |
| 50–100 ac | 7 listed | $1,094/ac |
| 100+ ac | 45 listed | $609/ac |
Most recent recorded sales
| NM-953987 | 26.1 ac | $30,700 | $1,179/ac | Investor |
| NM-498922 | 929.7 ac | $672,900 | $724/ac | Recreational buyer |
| NM-130479 | 2.0 ac | $2,400 | $1,168/ac | 1031 exchange |
| NM-548273 | 581.0 ac | $222,300 | $383/ac | Investor |
| NM-266151 | 124.9 ac | $172,000 | $1,377/ac | 1031 exchange |
| NM-435391 | 72.0 ac | $75,600 | $1,050/ac | Builder |
| NM-137701 | 383.9 ac | $254,700 | $663/ac | Builder |
| NM-945742 | 92.9 ac | $93,500 | $1,006/ac | Owner occupant |