Is Rio Arriba County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rio Arriba County was a Seller's Market.
Housing Prices in Rio Arriba County, NM
How much do homes in Rio Arriba County, NM cost?
Median Sold Price
$333,400
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rio Arriba County was $333,400 in April 2024, down 8.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $127.5K | -36.3% |
2 Bedrooms | $235K | $299.5K | +27.4% |
3 Bedrooms | $346K | $334.2K | -3.4% |
4 Bedrooms | $487.5K | $397K | -18.6% |
5+ Bedrooms | $500K | $376K | -24.8% |
Summary: Rio Arriba County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.3%, 2 bedroom homes increased by 27.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Counties
Sandoval County | $350K | $370.2K | +5.8% |
Rio Arriba County | $366K | $333.4K | -8.9% |
Housing Supply in Rio Arriba County, NM
How many homes are available in Rio Arriba County, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 67 | +11.7% |
Summary: The Rio Arriba County real estate market had 67 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Rio Arriba County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Rio Arriba County in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Rio Arriba County, NM
How long does it take to sell a home in Rio Arriba County, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 137 Days | +146.4% |
Summary: Homes in Rio Arriba County had an average of 137 days on market in Apr 2024, up by 146.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Rio Arriba County; 10% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.