Is Sandoval County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Sandoval County has remained a Seller's Market.
Housing Prices in Sandoval County, NM
How much do homes in Sandoval County, NM cost?
Median Sold Price
$369,612
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Sandoval County was $369,612 in February 2024, up 5.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.5K | $146K | -13.4% |
2 Bedrooms | $225.4K | $249K | +10.4% |
3 Bedrooms | $328.3K | $345K | +5.1% |
4 Bedrooms | $415.1K | $440K | +6.0% |
5+ Bedrooms | $545.8K | $560K | +2.6% |
Summary: Sandoval County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Los Alamos County | $489K | $581.6K | +19.0% |
Bernalillo County | $318.3K | $338.8K | +6.4% |
Sandoval County | $349.9K | $369.6K | +5.6% |
Santa Fe County | $572.2K | $585.3K | +2.3% |
Housing Supply in Sandoval County, NM
How many homes are available in Sandoval County, NM?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
627 | 573 | -8.6% |
Summary: The Sandoval County real estate market had 573 homes for sale in February 2024, a 8.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 66 | 51 | -22.7% |
3 Bedrooms | 326 | 288 | -11.7% |
4 Bedrooms | 192 | 190 | -1.0% |
5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The Sandoval County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
113 | 141 | +24.8% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 141 homes were sold or pending in Sandoval County in February 2024, up by 24.8% month-over-month. Of the 141 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Sandoval County, NM
How long does it take to sell a home in Sandoval County, NM?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 43 Days | +5.6% |
Summary: Homes in Sandoval County had an average of 43 days on market in Feb 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During February 2024, 141 homes were sold in Sandoval County; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.