Is Sandoval County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sandoval County has remained a Seller's Market.
Housing Prices in Sandoval County, NM
How much do homes in Sandoval County, NM cost?
Median Sold Price
$372,925
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sandoval County was $372,925 in May 2024, up 6.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $145.5K | -24.4% |
2 Bedrooms | $235K | $253.8K | +8.0% |
3 Bedrooms | $330K | $349K | +5.8% |
4 Bedrooms | $424K | $435.1K | +2.6% |
5+ Bedrooms | $550K | $560K | +1.8% |
Summary: Sandoval County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Counties
Los Alamos County | $499.5K | $595.1K | +19.2% |
Bernalillo County | $320.1K | $343K | +7.2% |
Sandoval County | $351.4K | $372.9K | +6.1% |
Santa Fe County | $576.7K | $591.7K | +2.6% |
Rio Arriba County | $365K | $335K | -8.2% |
Housing Supply in Sandoval County, NM
How many homes are available in Sandoval County, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
787 | 737 | -6.4% |
Summary: The Sandoval County real estate market had 737 homes for sale in May 2024, a 6.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 82 | 67 | -18.3% |
3 Bedrooms | 406 | 374 | -7.9% |
4 Bedrooms | 224 | 227 | +1.3% |
5+ Bedrooms | 67 | 60 | -10.4% |
Summary: The Sandoval County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 10.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
174 | 186 | +6.9% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 186 homes were sold or pending in Sandoval County in May 2024, up by 6.9% month-over-month. Of the 186 sold homes, 42% were sold under asking, 35% were sold at asking, and 22% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 37 Days | +13.7% |
Summary: Homes in Sandoval County had an average of 37 days on market in May 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 186 homes were sold in Sandoval County; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.