$3,978 Closing Credit*
$335,000
1 Bed
•1 Bath
#1075200, Janet Cerros, Listing Office: EXP Realty LLC
Is South San Pedro, 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 San Pedro was a Seller's Market.
Key Takeaway
South San Pedro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South San Pedro, NM
How much do homes in South San Pedro, NM cost?
Median Sold Price
$246,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,250(+6.1%)
Key Takeaway
Homes in South San Pedro have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in South San Pedro was $246,500 in November 2024, up 6.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.5K | $98K | -31.7% |
| 2 Bedrooms | $215K | $222K | +3.3% |
| 3 Bedrooms | $232.2K | $251K | +8.1% |
| 4 Bedrooms | $247K | $270K | +9.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: South San Pedro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Trumbull Village | $197K | $250K | +26.9% |
| South San Pedro | $232.2K | $246.5K | +6.1% |
| La Mesa | $245K | $248K | +1.2% |
Housing Supply in South San Pedro, NM
How many homes are available in South San Pedro, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The South San Pedro real estate market had 26 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South San Pedro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 South San Pedro, 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 South San Pedro in November 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 South San Pedro, NM
How long does it take to sell a home in South San Pedro, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 44 Days | -45.9% |
Summary: Homes in South San Pedro had an average of 44 days on market in Nov 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South San Pedro has remained consistent over time.
Summary: During November 2024, 3 homes were sold in South San Pedro; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.