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Otero County, NM
Otero County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
Median $/acre
$1,418/ac
12-month change
+8.5%
Sales (12 mo)
35
Median days on market
62 d
Monthly absorption
10.9%
Median price per acre · 36 months
Recorded sales volume · monthly
Price per acre by tract size
| 0–5 ac | 23 listed | $1,384/ac |
| 5–20 ac | 21 listed | $1,302/ac |
| 20–50 ac | 16 listed | $1,112/ac |
| 50–100 ac | 10 listed | $1,142/ac |
| 100+ ac | 47 listed | $570/ac |
Most recent recorded sales
| NM-624465 | 36.8 ac | $22,900 | $621/ac | Owner occupant |
| NM-458750 | 820.8 ac | $289,700 | $353/ac | Recreational buyer |
| NM-603270 | 15.5 ac | $29,900 | $1,928/ac | Neighbor |
| NM-468597 | 734.7 ac | $317,100 | $432/ac | Builder |
| NM-386093 | 119.8 ac | $108,700 | $908/ac | Recreational buyer |
| NM-634763 | 45.7 ac | $37,500 | $821/ac | Builder |
| NM-791526 | 4.4 ac | $8,000 | $1,832/ac | Builder |
| NM-914112 | 28.5 ac | $44,900 | $1,574/ac | Owner occupant |