Socorro County, NM Home Values & Market Trends

The median home price in Socorro County, NM is $160,480.14. There were 95 home sales in Socorro County, NM over the past 12 months. The median residential Socorro County, NM home value for transactions over the previous year is $0. The number of current listings in Socorro County, NM is 5, and the percentage of properties for sale is 5.00%. The county has 1 foreclosures, 0 bank owned properties, 0 headed for auction, and 5 properties for sale.

Socorro County, NM Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Socorro

$ 220,000

$ 132/sqft

Claunch

$ --

$ --

Lemitar

$ 73,000

$ 49/sqft

La Joya

$ --

$ --

San Antonio

$ --

$ --

San Acacia

$ --

$ --

Veguita

$ --

$ --

Polvadera

$ --

$ --

Magdalena

$ --

$ --

Housing Market Summary for Socorro County, NM

Mar 2023February 2024Change
Median Listing Price$283.6K$167.2K-41.05%
Median Sold Price$183.6K$167.2K-8.94%
Homes For Sale25150.00%
Homes Sold6044-26.67%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Socorro County, NM

Socorro County, NM home values range from $28,031 to $2,557,448. Socorro is the priciest city with a median listing home price of $195,000, and Lemitar is most affordable with average house prices of around $73,000.

Foreclosure
There are 9 cities within Socorro County, NM; within these cities, the median estimated home value for homes in foreclosure ranges from $750,154 in Veguita to the lowest value of $750,154 in Veguita. Foreclosure homes account for 0.00% of properties in Socorro County, NM with Veguita containing 1 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Socorro County, NM with Veguita containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Socorro County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $750,154 in Veguita to the lowest home value of $750,154 in Veguita.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Socorro County, NM ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Socorro County, NM. There are 9 cities within Socorro County, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of Socorro County, NM. Auction homes and other auction properties account for 0% of all properties in Socorro County, NM. There are 9 cities within Socorro County, NM; of those cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.06% of residential properties in Socorro County, NM with Socorro containing 4 homes for sale, the highest number of listed properties in a single city. There are 9 cities within Socorro County, NM; homes for sale in those cities, have a range of median values from $295,000 in Socorro to the lowest value of $73,000 in Lemitar.
    Sold Homes
    The median value for recently sold homes ranges from $325,098 in Veguita to the lowest price of $27,023 in Veguita. There are 9 cities within Socorro County, NM. Socorro has 32 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 0.56% of properties in Socorro County, NM.

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      Guide for Socorro County, NM

      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, March 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      See More Articles
      gavel for real estate auction
      New Mexico Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Learn more about the New Mexico foreclosure laws, the NM judicial foreclosure process and timelines on RealtyTrac

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      Recently Listed Homes Socorro County, NM

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