Lemitar, NM 87823 housing market
Data through Sep 2026 · Balanced market · leverage 62
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Buyer Leverage Score
62
Sep 2026
Months of Supply
3.1 months
Jul 2026
Days on Market
63 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
88.7%
Jul 2026
Expected Disaster Loss
$308
Dec 2025
What this means
- Supply. There are 100% more homes for sale than the 2017-19 norm and rising (+100% vs. a year ago), so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is moderate (62/100; U.S.: 54): homes sell for about 11.3% below their final list price (as of Jul 2026); 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $308 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
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Other ZIP codes in Socorro County, NM
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Socorro, NM 87801 | $199.7K | +2.8% | 59 |
| Veguita, NM 87062 | – | – | 46 |
| Magdalena, NM 87825 | – | – | 81 |
| Bosque, NM 87006 | – | – | 55 |
| Polvadera, NM 87828 | – | – | 2 |
| San Acacia, NM 87831 | – | – | 91 |
| San Antonio, NM 87832 | – | – | 79 |
| La Joya, NM 87028 | – | – | 0 |
| Claunch, NM 87011 | – | – | 17 |