$1,437 Closing Credit*
$121,000
1,034 SqFt
2 Beds
•1 Full Bath, 1 Partial
#1075299, Patrick Todd Sledge, Listing Office: Hawkeye Realty
Is Torrance County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Torrance County has remained a Seller's Market.
Key Takeaway
Torrance County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Torrance County, NM
How much do homes in Torrance County, NM cost?
Median Sold Price
$233,695
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,195(+6.0%)
Key Takeaway
Homes in Torrance County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Torrance County was $233,695 in November 2024, up 6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $119K | -49.9% |
| 2 Bedrooms | $178K | $224.9K | +26.3% |
| 3 Bedrooms | $337.5K | $234.9K | -30.4% |
| 4 Bedrooms | $249.5K | $242.6K | -2.8% |
| 5+ Bedrooms | $550K | $280K | -49.1% |
Summary: Torrance County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.9%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 49.1%.
Median Sold Price Compared To Nearby Counties
| Torrance County | $220.5K | $233.6K | +6.0% |
| Valencia County | $290K | $302.6K | +4.4% |
| Bernalillo County | $334.9K | $349.4K | +4.3% |
| Santa Fe County | $578.3K | $594.3K | +2.8% |
Housing Supply in Torrance County, NM
How many homes are available in Torrance County, NM?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Summary: The Torrance County real estate market had 37 homes for sale in November 2024, a 14.0% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Torrance County 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 9.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torrance County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Torrance County in November 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Torrance County, NM
How long does it take to sell a home in Torrance County, NM?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 31 Days | -62.6% |
Summary: Homes in Torrance County had an average of 31 days on market in Nov 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Torrance County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Torrance County; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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. 
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.