Is Santa Fe 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, Santa Fe County has remained a Seller's Market.
Housing Prices in Santa Fe County, NM
How much do homes in Santa Fe County, NM cost?
Median Sold Price
$595,585
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Fe County was $595,585 in April 2024, up 3.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $325K | +8.3% |
2 Bedrooms | $474.6K | $490.7K | +3.4% |
3 Bedrooms | $586.8K | $614.8K | +4.8% |
4 Bedrooms | $749.4K | $755K | +0.7% |
5+ Bedrooms | $1.1M | $1.4M | +23.3% |
Summary: Santa Fe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Counties
Torrance County | $188.5K | $233.1K | +23.7% |
Los Alamos County | $493K | $592.7K | +20.2% |
Bernalillo County | $319.9K | $340K | +6.3% |
Santa Fe County | $574.9K | $595.5K | +3.6% |
Housing Supply in Santa Fe County, NM
How many homes are available in Santa Fe County, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
686 | 776 | +13.1% |
Summary: The Santa Fe County real estate market had 776 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 33 | 0.0% |
2 Bedrooms | 141 | 159 | +12.8% |
3 Bedrooms | 330 | 387 | +17.3% |
4 Bedrooms | 129 | 147 | +14.0% |
5+ Bedrooms | 53 | 50 | -5.7% |
Summary: The Santa Fe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 173 | +45.4% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in Santa Fe County in April 2024, up by 45.4% month-over-month. Of the 173 sold homes, 48% were sold under asking, 27% were sold at asking, and 25% were sold over asking.
Days on Market for Santa Fe County, NM
How long does it take to sell a home in Santa Fe County, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 52 Days | +0.9% |
Summary: Homes in Santa Fe County had an average of 52 days on market in Apr 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 173 homes were sold in Santa Fe County; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.