$5,926 Closing Credit*
$499,000
1,390 SqFt
3 Beds
•2 Full Baths
Amanda Godlove Erwin, Listing Office: Barker Realty, LLC
Is Rancho Viejo, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rancho Viejo has remained a Seller's Market.
Key Takeaway
Rancho Viejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Viejo, NM
How much do homes in Rancho Viejo, NM cost?
Median Sold Price
$652,500
$297/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$167,000(+34.4%)
Key Takeaway
Homes in Rancho Viejo have sold for 34.4% more than they did a month ago.
Summary: The median home sold price in Rancho Viejo was $652,500 in October 2024, up 34.4% from last month, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $599.9K | N/A |
| 3 Bedrooms | $472K | $652.5K | +38.2% |
| 4 Bedrooms | $714.5K | $746K | +4.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rancho Viejo 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 38.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Windmill Ridge | $499K | $725K | +45.3% |
| Rancho Viejo | $485.5K | $652.5K | +34.4% |
| The Village at Rancho Viejo | $419K | $557.5K | +33.1% |
Housing Supply in Rancho Viejo, NM
How many homes are available in Rancho Viejo, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Rancho Viejo real estate market had 16 homes for sale in October 2024, a 15.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rancho Viejo 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Viejo, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Rancho Viejo in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Rancho Viejo, NM
How long does it take to sell a home in Rancho Viejo, NM?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 49 Days | +78.0% |
Summary: Homes in Rancho Viejo had an average of 49 days on market in Oct 2024, up by 78% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rancho Viejo has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Rancho Viejo; 25% of homes were sold within 30 days, 75% 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.