Tano Road, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Tano Road, NM is $1.47M, up 3.4% year-over-year. Homes sell in an average of 129 days with 19 active listings. The market is currently a buyer's market.
$1.47Mmedian sale price
Is Tano Road a buyer's or seller's market?
Tano Road, NM is currently a buyer's market, based on 9.5 months of supply and homes selling in about 129 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
129
Average pace
Active listings
19
9.5 months supply
Sale-to-list
99.6%
Below asking
Tano Road, NM market data
| Metric | Value |
|---|---|
| Median sale price | $1.47M |
| Median list price | $1.73M |
| Year-over-year price change | +3.4% |
| Average days on market | 129 days |
| Active inventory | 19 listings |
| Months of supply | 9.5 months |
| Sale-to-list price ratio | 99.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Tano Road housing market is currently classified as a buyer's market with a median sale price of $1.47M. Prices have risen 3.4% compared to last year, with homes spending an average of 129 days on market, indicating 9.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Tano Road
There are currently 19 homes listed for sale in Tano Road, New Mexico. The median listing price is $1.7M.
Active listings
19
Homes on market
Median list price
$1.7M
Avg. days on market
129
Days until sale
New this week
4
Newly listed
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Frequently asked questions
What is the average home price in Tano Road?
The median home sale price in Tano Road is $1.47M, up 3.4% from last year.
How long do homes stay on market in Tano Road?
Homes typically spend 129 days on market before going under contract.
Is Tano Road a buyer's or seller's market?
With 9.5 months of supply, Tano Road is currently a buyer's market.
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