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 May 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
$665,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Fe North was $665,000 in May 2024, down 7% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $593.5K | $415K | -30.1% |
2 Bedrooms | $526K | $431K | -18.1% |
3 Bedrooms | $807.5K | $559.7K | -30.7% |
4 Bedrooms | $689K | $1.7M | +150.4% |
5+ Bedrooms | $570K | $1.2M | +111.6% |
Summary: Santa Fe North housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.1%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 30.7%, 4 bedroom homes increased by 150.4%, and 5+ bedroom homes increased by 111.6%.
Median Sold Price Compared To Nearby Cities
Santa Fe | $607.2K | $617.6K | +1.7% |
Santa Fe North | $715K | $665K | -7.0% |
Housing Supply in Santa Fe North, NM
How many homes are available in Santa Fe North, NM?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 59 | -7.8% |
Summary: The Santa Fe North real estate market had 59 homes for sale in May 2024, a 7.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 35 | 31 | -11.4% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Santa Fe North housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Santa Fe North in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
244 Days | 81 Days | -66.7% |
Summary: Homes in Santa Fe North had an average of 81 days on market in May 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Santa Fe North; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.