Is Tatum, NM 88267 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Tatum is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Tatum housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Lea County, NM

Population	1,347
Median income	$52,250
Average income	$69,347
Median home value	$111,400
Median rent	$948/month
Owner-occupied	67% of homes
Median year built	1959

Natural hazard riskWildfire (very high), hail (very high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 88267; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 88267

Prefilled for 88267Can I win this house?Multiple-offer likelihood for a listing Prefilled for 88267Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Eunice 88231 $122 /sq ft Hobbs 88240Seller’s market $148 /sq ft Hobbs 88242Seller’s market $198 /sq ft Jal 88252Seller’s market $121 /sq ft Browse all markets →

Towns like Tatum nearby

Find towns like Tatum in other states →

Plains, TX79355 · 28 miles away61% similarpricier homes ($32K more) · younger residents Lovington, NM88260 · 21 miles away40% similarpricier homes ($64K more) · larger Denver City, TX79323 · 34 miles away29% similarhigher income ($35K more) · pricier homes ($82K more) Hobbs, NM88240 · 39 miles away28% similarpricier homes ($76K more) · larger

Where Tatum is

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Questions about Tatum real estate

What are property taxes in Tatum?

About 0.48% of a home’s value a year in Lea County, or roughly $1,920 on a $400,000 home.

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More tools for 88267

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Lea County property taxes Lea County loan limits Closing costs in New Mexico Hottest ZIP codes in New Mexico

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology