$10,000 Closing Credit*
$1,495,000
3,180 SqFt
3 Beds
•2 Full Baths, 1 Partial
Darlene L. Streit, Listing Office: Sotheby's Int. RE/Grant
Is Santa Fe Estates, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Santa Fe Estates was a Seller's Market.
Key Takeaway
Santa Fe Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Santa Fe Estates, NM
How much do homes in Santa Fe Estates, NM cost?
Median Sold Price
$675,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$182,279(+37.0%)
Key Takeaway
Homes in Santa Fe Estates have sold for 37% more than they did a year ago.
Summary: The median home sold price in Santa Fe Estates was $675,000 in October 2024, up 37% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $250K | -2.9% |
| 2 Bedrooms | $308K | $457.5K | +48.5% |
| 3 Bedrooms | $875K | $899K | +2.7% |
| 4 Bedrooms | $1.5M | $1.0M | -30.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Santa Fe Estates housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 48.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 30.3%, and 5+ bedroom homes did not change.
Housing Supply in Santa Fe Estates, NM
How many homes are available in Santa Fe Estates, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Santa Fe Estates real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Santa Fe Estates housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Fe Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Santa Fe Estates in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Santa Fe Estates, NM
How long does it take to sell a home in Santa Fe Estates, NM?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 113 Days | +897.1% |
Summary: Homes in Santa Fe Estates had an average of 113 days on market in Oct 2024, up by 897.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Santa Fe Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Santa Fe Estates; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.