$1,247 Closing Credit*
$105,000
840 SqFt
2 Beds
•1 Full Bath
#1074587, Xavier F Salazar, Listing Office: NM Home Team Realty
Is Rio Arriba County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Rio Arriba County has remained a Seller's Market.
Key Takeaway
Rio Arriba County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rio Arriba County, NM
How much do homes in Rio Arriba County, NM cost?
Median Sold Price
$339,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+5.9%)
Key Takeaway
Homes in Rio Arriba County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Rio Arriba County was $339,000 in November 2024, up 5.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $184K | +22.7% |
| 2 Bedrooms | $264K | $339K | +28.4% |
| 3 Bedrooms | $320K | $337.5K | +5.5% |
| 4 Bedrooms | $492K | $490.5K | -0.3% |
| 5+ Bedrooms | $458.5K | $302.5K | -34.0% |
Summary: Rio Arriba County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 34%.
Median Sold Price Compared To Nearby Counties
| Rio Arriba County | $320K | $339K | +5.9% |
| Sandoval County | $364.3K | $375.4K | +3.0% |
Housing Supply in Rio Arriba County, NM
How many homes are available in Rio Arriba County, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 94 | -10.5% |
Summary: The Rio Arriba County real estate market had 94 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 57 | 51 | -10.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Rio Arriba County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rio Arriba County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Rio Arriba County in November 2024, up by 66.7% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Rio Arriba County, NM
How long does it take to sell a home in Rio Arriba County, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 73 Days | +66.5% |
Summary: Homes in Rio Arriba County had an average of 73 days on market in Nov 2024, up by 66.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rio Arriba County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Rio Arriba County; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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. 
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. 
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.