$130,000
0.57 Acres
Land
Emery Maez, Joseph Maez, Listing Office: The Maez Group, The Maez Group-ALB
Is Tierra Amarilla, 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, Tierra Amarilla was a Neutral Market.
Key Takeaway
Tierra Amarilla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tierra Amarilla, NM
How much do homes in Tierra Amarilla, NM cost?
Median Sold Price
$310,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$130,000(+72.2%)
Key Takeaway
Homes in Tierra Amarilla have sold for 72.2% more than they did a year ago.
Summary: The median home sold price in Tierra Amarilla was $310,000 in November 2024, up 72.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $70K | -46.2% |
| 2 Bedrooms | $180K | $310K | +72.2% |
| 3 Bedrooms | $210K | $271K | +29.0% |
| 4 Bedrooms | $400K | $367.5K | -8.1% |
| 5+ Bedrooms | $202.5K | - | N/A |
Summary: Tierra Amarilla housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.2%, 2 bedroom homes increased by 72.2%, 3 bedroom homes increased by 29%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Housing Supply in Tierra Amarilla, NM
How many homes are available in Tierra Amarilla, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Tierra Amarilla real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Tierra Amarilla housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tierra Amarilla, 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 Tierra Amarilla in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Tierra Amarilla, NM
How long does it take to sell a home in Tierra Amarilla, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 59 Days | +492.5% |
Summary: Homes in Tierra Amarilla had an average of 59 days on market in Nov 2024, up by 492.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tierra Amarilla has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Tierra Amarilla; 25% of homes were sold within 30 days, 50% 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. 
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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.