Is Santa Rosa, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Rosa is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Santa Rosa was a Buyer's Market.

Key Takeaway

Santa Rosa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Santa Rosa, NM

How much do homes in Santa Rosa, NM cost?

Median Sold Price

$208,000

$141/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$7,000(-3.3%)

Key Takeaway

Homes in Santa Rosa have sold for 3.3% less than they did a month ago.

Summary: The median home sold price in Santa Rosa was $208,000 in October 2024, down 3.3% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $215K-
N/A
3 -$208K
N/A
4 --
N/A
5+ --
N/A

Summary: Santa Rosa 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Santa Rosa, NM

How many homes are available in Santa Rosa, NM?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97-22.2%

Summary: The Santa Rosa real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 22
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Santa Rosa 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Rosa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Santa Rosa in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Santa Rosa, NM

How long does it take to sell a home in Santa Rosa, NM?

Average Sale Time

Sep 2024Oct 2024CHANGE
158 Days6 Days-96.2%

Summary: Homes in Santa Rosa had an average of 6 days on market in Oct 2024, down by 96.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Santa Rosa; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Santa Rosa, NM

Nearby Markets to Santa Rosa, NM