Silver City Market Reports

April 2026 — Silver City / Grant County Residential Market

Data period: April 2026 Source: REALTORS Property Resource® (RPR), LLC — Listings + Public Records Published: May 18, 2026 Coverage: Single-family + Condo/TH/Apt, Grant County, NM

Metric	April 2026	Change
Market type	Buyer’s Market	—
Months of inventory	13.36 months	+87.1% year-over-year
Active listings	187	+3.3% month-over-month
Median list price	$299,000	—
Median sold price	$282,500	+8.9% month-over-month
Sold to list price	92.53%	Buyers ~7.5% below asking
Median days on market (sold)	117 days	+53.9% month-over-month
New listings (April)	35	+2.9% month-over-month
Sold listings (April)	14	-39.1% month-over-month
Pending	17	Median $298,000
Median $/sqft (sold)	$174	—
Median estimated property value	$246,880	-2.6% last month; +2% last 12 months

Source: REALTORS Property Resource® (RPR), data current as of April 2026. Data deemed reliable but not guaranteed.

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Patrick’s read on April 2026:

This is a buyer’s market — and I don’t mean that as a soft description. At 13.4 months of inventory, buyers in Grant County have real options and real leverage right now. Homes are sitting for nearly four months on average before selling, and when they do sell, they’re closing at about 7.5% below asking price. That means a seller listing at $300,000 should expect, on the evidence, to close somewhere around $277,500.

The low transaction volume (14 sold in April, down from 23 the prior month) makes month-to-month price swings look dramatic — that $282,500 median is meaningful directionally, but don’t read too much into the 8.9% MoM move when the sample is that small. The 12-month appreciation on estimated property values is only +2%. That’s the steadier signal.

For a buyer: this is a favorable environment. You have time, you have inventory, and sellers know it. Use the time to be thorough on due diligence — inspection, well and septic if applicable, title review.

For a seller: pricing strategy matters more than it did two years ago. An overpriced listing will sit. A property priced honestly, prepared well, and photographed properly can still move — but realistic expectations going in make the whole process better for everyone.

A solid close to 2025. Inventory ran lean through October and November before adding a handful of new listings in December. Closed sales were down slightly from Q3 — expected for the holiday period. The sub-$300k segment continued to see competitive offers. Several properties in the Mimbres Valley and Pinos Altos areas moved quickly with out-of-state buyers.

The strongest quarter of 2025 by closed sales volume. Summer brought increased foot traffic from relocating buyers, particularly from California and Texas. Days on market hit a yearly low in August. Inventory expanded slightly in September as sellers responded to market conditions, giving buyers more options heading into fall.

A transitional quarter. Inventory peaked in April before normalizing through May and June. Higher interest rates kept some buyers on the sidelines, and days on market reflected that hesitation. Properties with strong curb appeal and updated systems still found buyers quickly. The upper end of the market — $450k and above — remained slow with limited qualified buyer activity.