Is Lamy, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lamy has remained a Buyer's Market.
Key Takeaway
Lamy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lamy, NM
How much do homes in Lamy, NM cost?
Median Sold Price
$925,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lamy have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Lamy was $925,000 in May 2024, up 5.7% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $698.7K | $293.7K | -58.0% |
| 2 Bedrooms | $427K | $722K | +69.1% |
| 3 Bedrooms | $923.5K | $970K | +5.0% |
| 4 Bedrooms | $1.5M | $755K | -51.3% |
| 5+ Bedrooms | $1.3M | $1.6M | +23.0% |
Summary: Lamy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58%, 2 bedroom homes increased by 69.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 51.3%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
| Lamy | $874.7K | $925K | +5.7% |
| Santa Fe South | $633.1K | $667.4K | +5.4% |
Housing Supply in Lamy, NM
How many homes are available in Lamy, NM?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Lamy real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lamy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamy, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lamy in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lamy, NM
How long does it take to sell a home in Lamy, NM?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 186 Days | 2 Days | -98.9% |
Summary: Homes in Lamy had an average of 2 days on market in May 2024, down by 98.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lamy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Lamy; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.