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Lea County, NM
Lea County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
Median $/acre
$1,469/ac
12-month change
+7.5%
Sales (12 mo)
37
Median days on market
173 d
Monthly absorption
12.4%
Median price per acre · 36 months
Recorded sales volume · monthly
Price per acre by tract size
| 0–5 ac | 15 listed | $1,476/ac |
| 5–20 ac | 24 listed | $1,530/ac |
| 20–50 ac | 14 listed | $1,170/ac |
| 50–100 ac | 12 listed | $898/ac |
| 100+ ac | 48 listed | $662/ac |
Most recent recorded sales
| NM-619634 | 1557.2 ac | $634,400 | $407/ac | Recreational buyer |
| NM-806012 | 112.9 ac | $150,500 | $1,332/ac | Owner occupant |
| NM-462991 | 12.7 ac | $18,500 | $1,460/ac | Neighbor |
| NM-104421 | 35.7 ac | $30,200 | $846/ac | 1031 exchange |
| NM-479536 | 1450.5 ac | $438,200 | $302/ac | Investor |
| NM-268587 | 729.4 ac | $579,200 | $794/ac | Investor |
| NM-361852 | 5.5 ac | $8,000 | $1,436/ac | Recreational buyer |
| NM-316068 | 117.6 ac | $76,400 | $650/ac | 1031 exchange |