$10,000 Closing Credit*
$1,500,000
3,000 SqFt
3 Beds
•3 Full Baths
David Cordova, Listing Office: Sotheby's Int. RE/Grant
Is Espanola, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Espanola has remained a Buyer's Market.
Key Takeaway
Espanola is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Espanola, NM
How much do homes in Espanola, NM cost?
Median Sold Price
$339,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,500(-1.0%)
Key Takeaway
Homes in Espanola have sold for 1% less than they did a year ago.
Summary: The median home sold price in Espanola was $339,000 in October 2024, down 1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $269K | $225K | -16.4% |
| 3 Bedrooms | $321K | $349K | +8.7% |
| 4 Bedrooms | $499K | $550K | +10.2% |
| 5+ Bedrooms | $417K | $440K | +5.5% |
Summary: Espanola housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Santa Fe North | $629K | $720.7K | +14.6% |
| Espanola | $342.5K | $339K | -1.0% |
Housing Supply in Espanola, NM
How many homes are available in Espanola, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The Espanola real estate market had 40 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Espanola housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Espanola, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Espanola in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Espanola, NM
How long does it take to sell a home in Espanola, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +33.9% |
Summary: Homes in Espanola had an average of 37 days on market in Oct 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Espanola are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Espanola; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.