Is Valencia County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Valencia County has remained a Seller's Market.
Housing Prices in Valencia County, NM
How much do homes in Valencia County, NM cost?
Median Sold Price
$295,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Valencia County was $295,000 in April 2024, up 3.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156.5K | $164.3K | +5.0% |
2 Bedrooms | $197K | $226K | +14.7% |
3 Bedrooms | $270K | $285K | +5.6% |
4 Bedrooms | $345K | $334.9K | -2.9% |
5+ Bedrooms | $425K | $367.5K | -13.5% |
Summary: Valencia County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Counties
Torrance County | $188.5K | $233.1K | +23.7% |
Socorro County | $180K | $215K | +19.4% |
Bernalillo County | $319.9K | $340K | +6.3% |
Valencia County | $284.9K | $295K | +3.5% |
Housing Supply in Valencia County, NM
How many homes are available in Valencia County, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
311 | 290 | -6.8% |
Summary: The Valencia County real estate market had 290 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 34 | 34 | 0.0% |
3 Bedrooms | 194 | 182 | -6.2% |
4 Bedrooms | 68 | 58 | -14.7% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Valencia County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 74 | +1.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Valencia County in April 2024, up by 1.4% month-over-month. Of the 74 sold homes, 43% were sold under asking, 36% were sold at asking, and 20% were sold over asking.
Days on Market for Valencia County, NM
How long does it take to sell a home in Valencia County, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 44 Days | +2.1% |
Summary: Homes in Valencia County had an average of 44 days on market in Apr 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Valencia County; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.