$1,366 Closing Credit*
$115,000
1,296 SqFt
3 Beds
•1 Full Bath
#1075383, Mariah Nicole Salazar, Listing Office: Simply Real Estate
Is Socorro 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, Socorro County has remained a Buyer's Market.
Key Takeaway
Socorro County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Socorro County, NM
How much do homes in Socorro County, NM cost?
Median Sold Price
$202,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,500(+12.5%)
Key Takeaway
Homes in Socorro County have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Socorro County was $202,500 in November 2024, up 12.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.5K | $145K | +38.8% |
| 2 Bedrooms | $130.5K | $173.5K | +33.0% |
| 3 Bedrooms | $202.5K | $217.5K | +7.4% |
| 4 Bedrooms | $220K | $230K | +4.5% |
| 5+ Bedrooms | $200K | $297.5K | +48.8% |
Summary: Socorro County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Counties
| Socorro County | $180K | $202.5K | +12.5% |
| Torrance County | $220.5K | $233.6K | +6.0% |
| Valencia County | $290K | $302.6K | +4.4% |
Housing Supply in Socorro County, NM
How many homes are available in Socorro County, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Summary: The Socorro County real estate market had 31 homes for sale in November 2024, a 18.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Socorro County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
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 Socorro County, 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 Socorro County in November 2024, down by 42.9% 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 Socorro County, NM
How long does it take to sell a home in Socorro County, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 101 Days | +119.6% |
Summary: Homes in Socorro County had an average of 101 days on market in Nov 2024, up by 119.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Socorro County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Socorro County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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. 
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.