$10,000 Closing Credit*
$1,700,000
4,348 SqFt
5 Beds
•4 Full Baths
Corey R. Kirkpatrick, Coleen Dearing, Listing Office: Barker Realty, LLC
Is Cerrillos, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cerrillos was a Seller's Market.
Key Takeaway
Cerrillos is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cerrillos, NM
How much do homes in Cerrillos, NM cost?
Median Sold Price
$380,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-5.5%)
Key Takeaway
Homes in Cerrillos have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Cerrillos was $380,000 in November 2024, down 5.5% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $388.2K | $380K | -2.1% |
| 2 Bedrooms | $425K | $455.5K | +7.2% |
| 3 Bedrooms | $200K | $267.5K | +33.8% |
| 4 Bedrooms | $1.3M | $587.5K | -56.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cerrillos housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 33.8%, 4 bedroom homes decreased by 56.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Santa Fe South | $674.8K | $664.8K | -1.5% |
| Cerrillos | $402K | $380K | -5.5% |
| Sandia Park | $586K | $541K | -7.7% |
Housing Supply in Cerrillos, NM
How many homes are available in Cerrillos, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Cerrillos real estate market had 16 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cerrillos housing inventory by bedroom type for November 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cerrillos, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cerrillos in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cerrillos, NM
How long does it take to sell a home in Cerrillos, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 80 Days | +228.8% |
Summary: Homes in Cerrillos had an average of 80 days on market in Nov 2024, up by 228.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cerrillos are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cerrillos; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. 
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 