88232, NM Housing Market

Homes for sale

The median sale price of a home in 88232 was $28K last month, down 87.9% since last year.

Trends
Demand
Schools
Climate

88232 Housing Market Trends

What is the housing market like in 88232 today?

In April 2025, 88232 home prices were down 87.9% compared to last year, selling for a median price of $28K.

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Sale Price

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Sale $/Sq. Ft.

Over List Price

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Days on Market

126

Down Payment

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Total Homes Sold

To compare other locations to the 88232 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Mexico add value to a home.

View houses in 88232 that sold recently

Recently sold homes

SOLD MAY 6, 2025
Unknown Last Sold Price
4 beds
5 baths
3,115 sq ft
416 E & 416 #A E Morgan Rd, Hagerman, NM 88232
List Price
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Sale to List
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Days on Market
196 days
416 E & 416 #A E Morgan Rd, Hagerman, NM 88232
SOLD MAY 1, 2025
Unknown Last Sold Price
3 beds
2 baths
1,728 sq ft
650 Jicarilla Rd, Lake Arthur, NM 88232
List Price
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Sale to List
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Days on Market
77 days
650 Jicarilla Rd, Lake Arthur, NM 88232
SOLD FEB 13, 2025
$33,400
—beds
—baths
1,761 sq ft
7944 Marshall Decker Rd, Hagerman, NM 88232
List Price
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Sale to List
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Days on Market
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7944 Marshall Decker Rd, Hagerman, NM 88232
SOLD JAN 15, 2025
Unknown Last Sold Price
3 beds
2 baths
1,152 sq ft
413 Stephens St, Hagerman, NM 88232
List Price
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Sale to List
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Days on Market
100 days
413 Stephens St, Hagerman, NM 88232

Schools in 88232

Learn about schools in the 88232 area

Elementary
Middle
High

GreatSchools Rating

5/10 Hagerman Elementary School Public • PreK-5	180 Students	N/A
NR Lake Arthur Elementary School Public • PreK-5	61 Students	N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 88232 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 88232.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Major

99% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 88232

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