Is Torrance County, 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, Torrance County was a Buyer's Market.
Key Takeaway
Torrance County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Torrance County, NM
How much do homes in Torrance County, NM cost?
Median Sold Price
$233,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Torrance County have sold for 25.3% more than they did a year ago.
Summary: The median home sold price in Torrance County was $233,000 in March 2024, up 25.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $237.5K | +206.5% |
| 2 Bedrooms | $120K | $197.7K | +64.8% |
| 3 Bedrooms | $186K | $267.5K | +43.8% |
| 4 Bedrooms | $390K | $248.7K | -36.2% |
| 5+ Bedrooms | $619.9K | $327.5K | -47.2% |
Summary: Torrance County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 206.5%, 2 bedroom homes increased by 64.8%, 3 bedroom homes increased by 43.8%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes decreased by 47.2%.
Median Sold Price Compared To Nearby Counties
| Torrance County | $186K | $233K | +25.3% |
| Bernalillo County | $319.9K | $339.9K | +6.3% |
| Valencia County | $284.1K | $295K | +3.8% |
| Guadalupe County | $153K | $157.5K | +2.9% |
| Santa Fe County | $575.3K | $588.8K | +2.4% |
Housing Supply in Torrance County, NM
How many homes are available in Torrance County, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Torrance County real estate market had 31 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Torrance County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torrance County, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Torrance County in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% were sold over asking.
Days on Market for Torrance County, NM
How long does it take to sell a home in Torrance County, NM?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 134 Days | +690.8% |
Summary: Homes in Torrance County had an average of 134 days on market in Mar 2024, up by 690.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Torrance County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Torrance County; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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. 
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. 
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.