Is Santa Fe North, 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, Santa Fe North was a Seller's Market.
Housing Prices in Santa Fe North, NM
How much do homes in Santa Fe North, NM cost?
Median Sold Price
$720,700
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Fe North was $720,700 in April 2024, up 0.8% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $850K | $337K | -60.4% |
2 Bedrooms | $520K | $441.1K | -15.2% |
3 Bedrooms | $800K | $629K | -21.4% |
4 Bedrooms | $702K | $1.6M | +138.6% |
5+ Bedrooms | $640K | $1.2M | +88.4% |
Summary: Santa Fe North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.4%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 138.6%, and 5+ bedroom homes increased by 88.4%.
Median Sold Price Compared To Nearby Cities
Santa Fe | $600.4K | $622K | +3.6% |
Santa Fe North | $715K | $720.7K | +0.8% |
Housing Supply in Santa Fe North, NM
How many homes are available in Santa Fe North, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Summary: The Santa Fe North real estate market had 62 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Santa Fe North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Santa Fe North in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Santa Fe North, NM
How long does it take to sell a home in Santa Fe North, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 85 Days | +29.8% |
Summary: Homes in Santa Fe North had an average of 85 days on market in Apr 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Santa Fe North; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.