Is Santa Fe South, 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 South has remained a Seller's Market.
Housing Prices in Santa Fe South, NM
How much do homes in Santa Fe South, NM cost?
Median Sold Price
$668,312
$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 South was $668,312 in April 2024, up 5.1% 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 | $340K | $353.7K | +4.0% |
2 Bedrooms | $525K | $509.9K | -2.9% |
3 Bedrooms | $633.5K | $668.1K | +5.5% |
4 Bedrooms | $749K | $805.5K | +7.5% |
5+ Bedrooms | $999.9K | $1.1M | +15.0% |
Summary: Santa Fe South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Lamy | $848.2K | $930K | +9.6% |
Santa Fe South | $635.6K | $668.3K | +5.1% |
Santa Fe | $600.4K | $622K | +3.6% |
Santa Fe North | $715K | $720.7K | +0.8% |
Housing Supply in Santa Fe South, NM
How many homes are available in Santa Fe South, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
234 | 267 | +14.1% |
Summary: The Santa Fe South real estate market had 267 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 127 | 148 | +16.5% |
4 Bedrooms | 53 | 67 | +26.4% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Santa Fe South 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 decreased by 7.1%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 47 | +34.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Santa Fe South in April 2024, up by 34.3% month-over-month. Of the 47 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% were sold over asking.
Days on Market for Santa Fe South, NM
How long does it take to sell a home in Santa Fe South, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 58 Days | +16.3% |
Summary: Homes in Santa Fe South had an average of 58 days on market in Apr 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in Santa Fe South; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.