Ruidoso Downs, NM—88346

As of Aug '25, the median home price in Ruidoso Downs, NM is $229,000, with a year-over-year change of -3.3%. This indicates that home prices in Ruidoso Downs, NM are decreasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Ruidoso Downs, NM is 103. This is an increase of 27.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Ruidoso Downs, NM in that year was 98. 72.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 77.0%. Of those, 31.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Ruidoso Downs, NM. Investor activity in Ruidoso Downs, NM is low, as 5.0% of all loans are originated by investors. In 2023, 6.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.