$5,522 Closing Credit*
$465,000
1,344 SqFt
3 Beds
•2 Full Baths
Freddie Sue Gatewood, Listing Office: Realty One of Santa Fe
Is Tierra Contenta, 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 Contenta was a Seller's Market.
Key Takeaway
Tierra Contenta 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 Tierra Contenta, NM
How much do homes in Tierra Contenta, NM cost?
Median Sold Price
$440,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+5.0%)
Key Takeaway
Homes in Tierra Contenta have sold for 5% more than they did a year ago.
Summary: The median home sold price in Tierra Contenta was $440,000 in November 2024, up 5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206.8K | $215K | +4.0% |
| 2 Bedrooms | $365K | $395K | +8.2% |
| 3 Bedrooms | $428K | $460K | +7.5% |
| 4 Bedrooms | $505.9K | $499.9K | -1.2% |
| 5+ Bedrooms | - | $585K | N/A |
Summary: Tierra Contenta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes did not change.
Housing Supply in Tierra Contenta, NM
How many homes are available in Tierra Contenta, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 34 | -12.8% |
Summary: The Tierra Contenta real estate market had 34 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tierra Contenta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
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 Tierra Contenta, 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 Tierra Contenta in November 2024, down by 37.5% 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 Tierra Contenta, NM
How long does it take to sell a home in Tierra Contenta, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 43 Days | +124.3% |
Summary: Homes in Tierra Contenta had an average of 43 days on market in Nov 2024, up by 124.3% 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 Tierra Contenta are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Tierra Contenta; 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 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. 
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.