Is Los Ojos, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Ojos is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Los Ojos has remained a Seller's Market.

Key Takeaway

Los Ojos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Los Ojos, NM

How much do homes in Los Ojos, NM cost?

Median Sold Price

$317,548

$296/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$63,548(+25.0%)

Key Takeaway

Homes in Los Ojos have sold for 25% more than they did a month ago.

Summary: The median home sold price in Los Ojos was $317,548 in November 2024, up 25% from last month, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $55K$317.5K
+477.4%
3 $453K-
N/A
4 --
N/A
5+ --
N/A

Summary: Los Ojos housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 477.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Los Ojos, NM

How many homes are available in Los Ojos, NM?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
64-33.3%

Summary: The Los Ojos real estate market had 4 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Los Ojos 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 decreased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Ojos, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Los Ojos in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Los Ojos, NM

How long does it take to sell a home in Los Ojos, NM?

Average Sale Time

Oct 2024Nov 2024CHANGE
150 Days75 Days-49.7%

Summary: Homes in Los Ojos had an average of 75 days on market in Nov 2024, down by 49.7% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Los Ojos are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Los Ojos; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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