$1,247 Closing Credit*
$105,000
840 SqFt
2 Beds
•1 Full Bath
#1074587, Xavier F Salazar, Listing Office: NM Home Team Realty
Is South Rio Arriba, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Rio Arriba was a Neutral Market.
Key Takeaway
South Rio Arriba is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Rio Arriba, NM
How much do homes in South Rio Arriba, NM cost?
Median Sold Price
$325,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.6%)
Key Takeaway
Homes in South Rio Arriba have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in South Rio Arriba was $325,000 in November 2024, up 1.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $193K | N/A |
| 2 Bedrooms | $245.8K | $223.5K | -9.1% |
| 3 Bedrooms | $307K | $335K | +9.1% |
| 4 Bedrooms | $570K | $600K | +5.3% |
| 5+ Bedrooms | - | $377.5K | N/A |
Summary: South Rio Arriba housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Rio Arriba | $320K | $325K | +1.6% |
| Espanola | $349K | $335K | -4.0% |
Housing Supply in South Rio Arriba, NM
How many homes are available in South Rio Arriba, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The South Rio Arriba real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Rio Arriba housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
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 South Rio Arriba, 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 South Rio Arriba in November 2024, up by 100.0% 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 South Rio Arriba, NM
How long does it take to sell a home in South Rio Arriba, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 82 Days | +12.2% |
Summary: Homes in South Rio Arriba had an average of 82 days on market in Nov 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Rio Arriba are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in South Rio Arriba; 75% of homes were sold within 30 days, 0% 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 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.