$2,731 Closing Credit*
$230,000
1,079 SqFt
3 Beds
•1 Bath
Katherine Gilmore Mosley, Listing Office: Vista Encantada Realtors, 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 September 2023
At the same time last year, South San Pedro was a Seller's Market.
Key Takeaway
South San Pedro 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 South San Pedro, NM
How much do homes in South San Pedro, NM cost?
Median Sold Price
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$6,000(+2.6%)
Key Takeaway
Homes in South San Pedro have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in South San Pedro was $240,000 in September 2024, up 2.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.5K | $98K | -73.2% |
| 2 Bedrooms | $226K | $220K | -2.7% |
| 3 Bedrooms | $232.5K | $250K | +7.5% |
| 4 Bedrooms | $246K | $280K | +13.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: South San Pedro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.2%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Trumbull Village | $196K | $236.5K | +20.7% |
| Fair West | $253K | $276K | +9.1% |
| La Mesa | $228K | $245.5K | +7.7% |
| South San Pedro | $234K | $240K | +2.6% |
Housing Supply in South San Pedro, NM
How many homes are available in South San Pedro, NM?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The South San Pedro real estate market had 27 homes for sale in September 2024, a 6.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South San Pedro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South San Pedro, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South San Pedro in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -10.0% |
Summary: Homes in South San Pedro had an average of 9 days on market in Sep 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South San Pedro are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in South San Pedro; 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.
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.