$8,894 Closing Credit*
$749,000
3,400 SqFt
5 Beds
•4 Full Baths, 1 Partial
Kimberly H. Hise, Michele Marino, Listing Office: Realty One of Chama
Is Tierra Amarilla, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Tierra Amarilla was a Buyer's 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
$265,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+47.2%)
Key Takeaway
Homes in Tierra Amarilla have sold for 47.2% more than they did a year ago.
Summary: The median home sold price in Tierra Amarilla was $265,000 in October 2024, up 47.2% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $72.5K | -53.2% |
| 2 Bedrooms | $177K | $245K | +38.4% |
| 3 Bedrooms | $210K | $265K | +26.2% |
| 4 Bedrooms | $400K | $367.5K | -8.1% |
| 5+ Bedrooms | $202.5K | - | N/A |
Summary: Tierra Amarilla housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.2%, 2 bedroom homes increased by 38.4%, 3 bedroom homes increased by 26.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Tierra Amarilla real estate market had 19 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tierra Amarilla 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 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 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 Tierra Amarilla, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tierra Amarilla in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 107 Days | +235.9% |
Summary: Homes in Tierra Amarilla had an average of 107 days on market in Oct 2024, up by 235.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tierra Amarilla are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Tierra Amarilla; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.