Is Sandoval County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sandoval County has remained a Seller's Market.
Key Takeaway
Sandoval County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandoval County, NM
How much do homes in Sandoval County, NM cost?
Median Sold Price
$370,257
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sandoval County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Sandoval County was $370,257 in April 2024, up 5.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $145.5K | -19.2% |
| 2 Bedrooms | $230K | $250K | +8.7% |
| 3 Bedrooms | $328.8K | $347K | +5.5% |
| 4 Bedrooms | $418K | $439.9K | +5.2% |
| 5+ Bedrooms | $548.5K | $560K | +2.1% |
Summary: Sandoval County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Los Alamos County | $493K | $592.7K | +20.2% |
| Bernalillo County | $319.9K | $340K | +6.3% |
| Sandoval County | $350K | $370.2K | +5.8% |
| Santa Fe County | $574.9K | $595.5K | +3.6% |
| Rio Arriba County | $366K | $333.4K | -8.9% |
Housing Supply in Sandoval County, NM
How many homes are available in Sandoval County, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 705 | 663 | -6.0% |
Summary: The Sandoval County real estate market had 663 homes for sale in April 2024, a 6.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 66 | 70 | +6.1% |
| 3 Bedrooms | 351 | 325 | -7.4% |
| 4 Bedrooms | 226 | 202 | -10.6% |
| 5+ Bedrooms | 57 | 59 | +3.5% |
Summary: The Sandoval County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 161 | 165 | +2.5% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandoval County, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 165 homes were sold or pending in Sandoval County in April 2024, up by 2.5% month-over-month. Of the 165 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +42.0% |
Summary: Homes in Sandoval County had an average of 37 days on market in Apr 2024, up by 42% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sandoval County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 165 homes were sold in Sandoval County; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% 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.