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Featured local agent — Santa Teresa, NM
Sarah Mitchell
Compass Real Estate · Santa Teresa, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Santa Teresa, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$469,975median sale price
How is the Santa Teresa, NM housing market right now?
The median home sale price in Santa Teresa, NM is $469,975, up 47.6% year-over-year. Homes sell in an average of 325 days with 52 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Santa Teresa a buyer's or seller's market?
Santa Teresa, NM is currently a buyer's market, based on 26.0 months of supply and homes selling in about 325 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
325
Average pace
Active listings
52
26.0 months supply
Sale-to-list
95.9%
Below asking
What does the Santa Teresa housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $469,975 |
| Median list price | $769,900 |
| Year-over-year price change | +47.6% |
| Average days on market | 325 days |
| Active inventory | 52 listings |
| Months of supply | 26.0 months |
| Sale-to-list price ratio | 95.9% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 25 |
| Listings with a price cut | 13.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Santa Teresa by property type?
How the Santa Teresa, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $469,975 | $176/sq ft | 2 | 325 days |
| Condo / Co-op | $145,000 | $117/sq ft | 1 | 217 days |
| Townhouse | $299,000 | $145/sq ft | 1 | 104 days |
Source: Redfin · Updated monthly
The Santa Teresa housing market is currently classified as a buyer's market with a median sale price of $469,975. Prices have risen 47.6% compared to last year, with homes spending an average of 325 days on market, indicating 26.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Santa Teresa
There are currently 52 homes listed for sale in Santa Teresa, New Mexico. The median listing price is $770K.
Active listings
52
Homes on market
Median list price
$770K
Avg. days on market
325
Days until sale
New this week
25
Newly listed
Who lives in Santa Teresa?
Population
5,973
Median income
$60,759/yr
Median age
33.2 years
Owner-occupied
68.7%
College grads
38.1%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Santa Teresa?
Zillow home value
$319,081
Zillow rent index
$1,598/mo
Price-to-rent ratio
16.6x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Santa Teresa?
Santa Teresa is a community of approximately 6K residents with a median age of 33.2 years.The median household income is $60,759, which represents a working-class community with solid middle-income opportunities. 38.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 68.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Santa Teresa offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Santa Teresa?
3 schools tracked · 2,266 students
The largest public schools serving Santa Teresa, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SANTA TERESA HIGH
Grades 9-12 · 1,177 students
SANTA TERESA MIDDLE
Grades 7-8 · 602 students
SANTA TERESA ELEMENTARY
Grades PK-6 · 487 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Santa Teresa, NM?
Want a head-to-head view? Compare Santa Teresa side-by-side with any other U.S. city using our market-comparison tool.
Is Santa Teresa a good real estate investment market?
For investors evaluating Santa Teresa, the price-to-rent ratio of 16.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 47.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Santa Teresa's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Santa Teresa's median home price.
Frequently asked questions
What is the average home price in Santa Teresa?
The median home sale price in Santa Teresa is $469,975, up 47.6% from last year.
How long do homes stay on market in Santa Teresa?
Homes typically spend 325 days on market before going under contract.
What is the median income in Santa Teresa?
The median household income is $60,759 per year.
Is Santa Teresa a buyer's or seller's market?
With 26.0 months of supply, Santa Teresa is currently a buyer's market.
What is the Zillow home value estimate for Santa Teresa?
The Zillow Home Value Index (ZHVI) for Santa Teresa is $319,081, representing the typical home value in the area.
What is the median condo price in Santa Teresa?
The median condo/co-op sale price in Santa Teresa, NM is $145,000, compared to $469,975 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Santa Teresa?
The median single-family home price in Santa Teresa, NM is $469,975 (about $176 per square foot).
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