$340,000
19.49 Acres
Land
Crystal Martinez, Listing Office: New Mexico Real Estate Group
Is South Rio Arriba, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, South Rio Arriba was a Buyer's Market.
Key Takeaway
South Rio Arriba is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Rio Arriba, NM
How much do homes in South Rio Arriba, NM cost?
Median Sold Price
$318,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$20,000(-5.9%)
Key Takeaway
Homes in South Rio Arriba have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in South Rio Arriba was $318,000 in September 2024, down 5.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $396.6K | $222K | -44.0% |
| 3 Bedrooms | $280.5K | $326.5K | +16.4% |
| 4 Bedrooms | $534.5K | $422.5K | -21.0% |
| 5+ Bedrooms | - | $335K | N/A |
Summary: South Rio Arriba housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Espanola | $342.5K | $340K | -0.7% |
| South Rio Arriba | $338K | $318K | -5.9% |
Housing Supply in South Rio Arriba, NM
How many homes are available in South Rio Arriba, NM?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The South Rio Arriba real estate market had 10 homes for sale in September 2024, a 16.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Rio Arriba housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 South Rio Arriba, 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 South Rio Arriba in September 2024, up by 100.0% 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 South Rio Arriba, NM
How long does it take to sell a home in South Rio Arriba, NM?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 128 Days | 50 Days | -60.9% |
Summary: Homes in South Rio Arriba had an average of 50 days on market in Sep 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Rio Arriba has remained consistent over time.
Summary: During September 2024, 2 homes were sold in South Rio Arriba; 0% of homes were sold within 30 days, 100% 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.