$6,234 Closing Credit*
$525,000
2,746 SqFt
4 Beds
•2 Full Baths
#1075379, Valerie Almanzar, Listing Office: Keller Williams Realty
Is Lomas Encantadas, 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, Lomas Encantadas was a Buyer's Market.
Key Takeaway
Lomas Encantadas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lomas Encantadas, NM
How much do homes in Lomas Encantadas, NM cost?
Median Sold Price
$449,725
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,725(+2.2%)
Key Takeaway
Homes in Lomas Encantadas have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Lomas Encantadas was $449,725 in November 2024, up 2.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $428.9K | $442.8K | +3.2% |
| 4 Bedrooms | $440K | $475K | +8.0% |
| 5+ Bedrooms | $487.5K | $579.2K | +18.8% |
Summary: Lomas Encantadas housing prices by bedroom type for November 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 3.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lomas Encantadas | $440K | $449.7K | +2.2% |
| Enchanted Hills | $340K | $341K | 0.3% |
Housing Supply in Lomas Encantadas, NM
How many homes are available in Lomas Encantadas, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Lomas Encantadas real estate market had 26 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lomas Encantadas 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 increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lomas Encantadas, 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 Lomas Encantadas in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lomas Encantadas, NM
How long does it take to sell a home in Lomas Encantadas, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 83 Days | +132.6% |
Summary: Homes in Lomas Encantadas had an average of 83 days on market in Nov 2024, up by 132.6% 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 Lomas Encantadas are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Lomas Encantadas; 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 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.