Is Santa Fe North, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Santa Fe North was a Seller's Market.
Housing Prices in Santa Fe North, NM
How much do homes in Santa Fe North, NM cost?
Median Sold Price
$676,500
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Fe North was $676,500 in March 2024, down 4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $311K | $337K | +8.4% |
2 Bedrooms | $500K | $494.9K | -1.0% |
3 Bedrooms | $937.5K | $655K | -30.1% |
4 Bedrooms | $1.0M | $1.6M | +54.8% |
5+ Bedrooms | $882.5K | $1.2M | +36.7% |
Summary: Santa Fe North housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 30.1%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes increased by 36.7%.
Median Sold Price Compared To Nearby Cities
Santa Fe | $600.3K | $621.6K | +3.5% |
Santa Fe North | $704.5K | $676.5K | -4.0% |
Housing Supply in Santa Fe North, NM
How many homes are available in Santa Fe North, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 52 | 0.0% |
Summary: The Santa Fe North real estate market had 52 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Santa Fe North housing inventory by bedroom type for March 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 remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Santa Fe North in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Santa Fe North, NM
How long does it take to sell a home in Santa Fe North, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 88 Days | +105.4% |
Summary: Homes in Santa Fe North had an average of 88 days on market in Mar 2024, up by 105.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Santa Fe North; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.