63 homes sold in Picacho Hills in the last year, at a typical $536K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Picacho Hills homes are listed.
Every place Picacho Hills homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Picacho Hills.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Picacho Hills’ sales, at a typical $543K
63 homes sold in the year to May 2026.
typical sale · 61 sold in 12 months
- Per square foot
- $223NM $212
- Days to sell
- 81
- Sold over asking
- 0%
- Listings with a price cut
- 27%
Condos: 2 sold, typical $314K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
63 sales in the last year, against 97 in 2021 and a low of 39 in 2016. The typical sale went from $305K in 2016 to $536K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Picacho Hills
Check a listing against what Picacho Hills homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Picacho Hills are back to pre-pandemic levels, and more homes are for sale
We read every month of Picacho Hills’ home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 63 sales.
If you’re buying in Picacho Hills
- Shop in March. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- Offer under asking. Buyers paid 95% of the list price on average; 0% paid over.
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 82 days.
Spring brings the homes; fall brings the bidding wars
March has the most new listings (about 8 a month), but September is the most competitive: 2% of September sales close over asking. January has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New Mexico as a whole
| Picacho Hills now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 0% | 1% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 4% | 6% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95% | 95.1% | 100.3% | 96.5% |
| Days to sellMedian days from listing to contract | 82 | 132 | 73 | 64 |
36 homes for sale on a typical day
That’s 2.4 times the 2023 low (15) and 18% more than in 2017–19.
1 in 4 listings has cut its price
27% in the last year, against — in 2017–19 and 21% across New Mexico.
Picacho Hills ranks 24th of 24 busy New Mexico markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Picacho Hills is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Picacho Hills home costs about $3,068 a month
Price: Picacho Hills’ typical sale, last 12 months. Property tax at Picacho Hills’ 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Picacho Hills is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $536K home, about $3,260 a year.
Taxes vs. neighborsSchools
The schools grade for Picacho Hills, from test results, graduation and how much students grow.
Schools in Picacho HillsTypical commute
The average one-way trip to work for people who live in Picacho Hills.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Las Cruces sells for less a square foot
The busier markets within 25 miles of Picacho Hills, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Las Cruces | 1,381 | $304K | $183 | 0% | 54 |
| Picacho Hills | 63 | $536K | $222 | 0% | 82 |
| San Pablo | 20 | $547K | $236 | 0% | 49 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Picacho Hills, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Picacho Hills. People who follow the town see it, and so do people comparing Picacho Hills with their own town. No commission, no listing fee.
Questions about buying a home in Picacho Hills
What do homes sell for in Picacho Hills, NM?
63 homes sold in the year to May 2026 at a typical $536K, $222 a square foot.
Is Picacho Hills a buyer’s or seller’s market?
A buyer’s market: 48 homes were for sale in May 2026 and 5 sold, about 9.6 months of supply. Buyers paid 95% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Picacho Hills?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Picacho Hills?
About 0.6% of a home’s value a year. On a $536K home that’s near $3,260.
Where can I see homes for sale in Picacho Hills?
Zillow, Redfin, Realtor.com and Homes.com all carry Picacho Hills’ MLS listings; the search links above open each one filtered to Picacho Hills.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).