Is Taos, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taos is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Taos was a Neutral Market.

Key Takeaway

Taos is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Taos, NM

How much do homes in Taos, NM cost?

Median Sold Price

$581,250

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,750(-3.9%)

Key Takeaway

Homes in Taos have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Taos was $581,250 in October 2024, down 3.9% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$535.9K
+114.4%
2 $426K$570K
+33.8%
3 $752.5K$763K
+1.4%
4 -$515K
N/A
5+ --
N/A

Summary: Taos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.4%, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Taos, NM

How many homes are available in Taos, NM?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119-18.2%

Summary: The Taos real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 44
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Taos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taos, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Taos in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Taos, NM

How long does it take to sell a home in Taos, NM?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days4 Days-90.7%

Summary: Homes in Taos had an average of 4 days on market in Oct 2024, down by 90.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Taos are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Taos; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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