$2,968 Closing Credit*
$249,900
906 SqFt
2 Beds
•1 Full Bath
Jeremy Navarro Realty Group, Listing Office: Keller Williams Realty
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 October 2023
Since last year, South San Pedro has remained a Seller's Market.
Key Takeaway
South San Pedro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South San Pedro, NM
How much do homes in South San Pedro, NM cost?
Median Sold Price
$243,250
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,250(+5.8%)
Key Takeaway
Homes in South San Pedro have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in South San Pedro was $243,250 in October 2024, up 5.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $149K | +71.3% |
| 2 Bedrooms | $214.9K | $227K | +5.6% |
| 3 Bedrooms | $230K | $250K | +8.7% |
| 4 Bedrooms | $247K | $270K | +9.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: South San Pedro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Trumbull Village | $195K | $247K | +26.7% |
| Elder Homestead | $251K | $266K | +6.0% |
| South San Pedro | $230K | $243.2K | +5.8% |
| Fair West | $258.7K | $270K | +4.3% |
| La Mesa | $240K | $244K | +1.7% |
Housing Supply in South San Pedro, NM
How many homes are available in South San Pedro, NM?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The South San Pedro real estate market had 25 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South San Pedro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South San Pedro, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South San Pedro in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 41 Days | +347.3% |
Summary: Homes in South San Pedro had an average of 41 days on market in Oct 2024, up by 347.3% compared to last year.
Breakdown of Home Sale Times
3 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 South San Pedro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in South San Pedro; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.