Santa Teresa, NM
Housing market overview · Updated weekly
$315,000median sale price
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
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
Explore nearby cities in NM
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.
Get Santa Teresa market alerts
Weekly updates on prices, inventory, and trends. Free forever.