Santa Teresa, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Santa Teresa, NM is $315,000, down 6.4% year-over-year. Homes sell in an average of 24 days with 42 active listings. The market is currently a leaning buyer's.
$315,000median sale price
Is Santa Teresa a buyer's or seller's market?
Santa Teresa, NM is currently a leaning buyer's, based on 8.4 months of supply and homes selling in about 24 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
24
Average pace
Active listings
42
8.4 months supply
Sale-to-list
100.2%
Above asking
Santa Teresa, NM market data
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $459,000 |
| Year-over-year price change | -6.4% |
| Average days on market | 24 days |
| Active inventory | 42 listings |
| Months of supply | 8.4 months |
| Sale-to-list price ratio | 100.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Santa Teresa housing market is currently classified as a leaning buyer's with a median sale price of $315,000. Prices have fallen 6.4% compared to last year, with homes spending an average of 24 days on market, indicating 8.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Santa Teresa
There are currently 42 homes listed for sale in Santa Teresa, New Mexico. The median listing price is $459K.
Active listings
42
Homes on market
Median list price
$459K
Avg. days on market
24
Days until sale
New this week
7
Newly listed
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Frequently asked questions
What is the average home price in Santa Teresa?
The median home sale price in Santa Teresa is $315,000, down 6.4% from last year.
How long do homes stay on market in Santa Teresa?
Homes typically spend 24 days on market before going under contract.
Is Santa Teresa a buyer's or seller's market?
With 8.4 months of supply, Santa Teresa is currently a leaning buyer's.
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