$125,000
4.16 Acres
Land
Francesco R. Crisafulli, Sabine Andraud, Listing Office: Keller Williams Realty, Barker Realty, LLC
Is Old Las Vegas Corridor, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Old Las Vegas Corridor was a Buyer's Market.
Key Takeaway
Old Las Vegas Corridor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Las Vegas Corridor, NM
How much do homes in Old Las Vegas Corridor, NM cost?
Median Sold Price
$1,120,000
$390/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$221,500(+24.7%)
Key Takeaway
Homes in Old Las Vegas Corridor have sold for 24.7% more than they did a month ago.
Summary: The median home sold price in Old Las Vegas Corridor was $1,120,000 in October 2024, up 24.7% from last month, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $975K | - | N/A |
| 3 Bedrooms | $822K | $1.4M | +70.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $796K | N/A |
Summary: Old Las Vegas Corridor housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 70.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Old Las Vegas Corridor, NM
How many homes are available in Old Las Vegas Corridor, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Old Las Vegas Corridor real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Old Las Vegas Corridor 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 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Las Vegas Corridor, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Old Las Vegas Corridor in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Old Las Vegas Corridor, NM
How long does it take to sell a home in Old Las Vegas Corridor, NM?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 33 Days | +454.2% |
Summary: Homes in Old Las Vegas Corridor had an average of 33 days on market in Oct 2024, up by 454.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Old Las Vegas Corridor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Old Las Vegas Corridor; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.