Is Espanola, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Espanola has remained a Seller's Market.
Housing Prices in Espanola, NM
How much do homes in Espanola, NM cost?
Median Sold Price
$346,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Espanola was $346,500 in April 2024, down 5.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310K | $259K | -16.5% |
3 Bedrooms | $346K | $347K | 0.3% |
4 Bedrooms | $452K | $446K | -1.3% |
5+ Bedrooms | $500K | $417K | -16.6% |
Summary: Espanola housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
Santa Clara Pueblo | $320K | $348.5K | +8.9% |
Santa Fe North | $715K | $720.7K | +0.8% |
Espanola | $367.5K | $346.5K | -5.7% |
Housing Supply in Espanola, NM
How many homes are available in Espanola, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The Espanola real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Espanola housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Espanola in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Espanola, NM
How long does it take to sell a home in Espanola, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 83 Days | +114.9% |
Summary: Homes in Espanola had an average of 83 days on market in Apr 2024, up by 114.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Espanola; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.