Is Tampico, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tampico was a Buyer's Market.
Housing Prices in Tampico, NM
How much do homes in Tampico, NM cost?
Median Sold Price
$600,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tampico was $600,000 in May 2024, up 27.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $429K | $488.8K | +13.9% |
4 Bedrooms | $530K | $650K | +22.6% |
5+ Bedrooms | - | $600K | N/A |
Summary: Tampico housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Tampico | $471.4K | $600K | +27.3% |
River's Edge | $311.9K | $330K | +5.8% |
Housing Supply in Tampico, NM
How many homes are available in Tampico, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Tampico real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tampico housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Tampico in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Tampico, NM
How long does it take to sell a home in Tampico, NM?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 16 Days | -70.0% |
Summary: Homes in Tampico had an average of 16 days on market in May 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Tampico; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.