Algodones, NM Home Values & Market Trends

Real estate market trends reflect that there have been 5 transactions over the past year in Algodones. The median value for residential home transactions that occurred over the previous year is $323,194. The number of current listings in Algodones is 2, and the percentage of properties for sale in the city is 2.00%. Algodones, NM currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 2 properties for sale.

Algodones, NM Real Estate Market Overview

ZipMedian Est. Value
87001

$ 584,000

$ 203/sqft

Housing Market Summary for Algodones, NM

Jun 2023May 2024Change
Median Listing Price$837K$635K-24.13%
Median Sold Price$301K$429K42.54%
Homes For Sale2350.00%
Homes Sold43-25.00%
Price
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Homes For Sale
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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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Recently Sold Homes

Explore recent offers and recently sold homes in Algodones, NM

Browse Homes in Algodones, NM

Algodones home values range from $52,766 to $2,615,541. The median estimated value of a home in Algodones is $323,194. The median list price of a home is 559,500, and the total count of properties in the city is 326.

Foreclosure
There is 1 zips within Algodones, NM; within this zips, the median estimated home value for homes in foreclosure ranges from $284,666 in 87001 to the lowest value of $284,666 in 87001. Foreclosure homes account for 0.00% of properties in Algodones, NM with 87001 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Algodones, NM with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Algodones, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Algodones, 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 Algodones, NM. There is 1 zips within Algodones, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    87001 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Algodones, NM. Auction homes and other auction properties account for 0.31% of all properties in Algodones, NM. There is 1 zips within Algodones, NM; of that zips, the median estimated home value for homes going to auction ranges from $284,666 in 87001 to the lowest value of $284,666 in 87001.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.61% of residential properties in Algodones, NM with 87001 containing 2 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Algodones, NM; homes for sale in that zips, have a range of median values from $639,000 in 87001 to the lowest value of $529,000 in 87001.
    Sold Homes
    The median value for recently sold homes ranges from $435,435 in 87001 to the lowest price of $435,435 in 87001. There is 1 zips within Algodones, NM. 87001 has 1 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.31% of properties in Algodones, NM.

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      Guide for Algodones, NM

      Market Reports
      Albuquerque Real Estate Continues Upward Trend with Average Property Value Hitting $360,000 in March 2024
      Market Reports
      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      gavel for real estate auction
      Home Buying Guides & Tips
      New Mexico Foreclosure Laws
      Investing Strategies
      How To Buy A Foreclosed Commercial Property
      See More Articles
      Albuquerque Real Estate Continues Upward Trend with Average Property Value Hitting $360,000 in March 2024
      Market Reports|posted 30 April 2024

      The article explores the nuances of Albuquerque’s real estate market trends, highlighting increasing property values, fluctuating price per square foot, a nearby cities.

      Santa Fe Real Estate Values Pulse Through Highs and Lows: Report of 2023-2024 Trends
      Market Reports|posted 17 April 2024

      This article describes the fluctuating real estate market of Santa Fe and neighboring cities from July 2023 to March 2024, focusing on property values, sale prices, and number of sold homes.

      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

      How To Buy A Foreclosed Commercial Property
      Investing Strategies|posted 14 June 2024

      How to get your hands on a commercial property in foreclosure.

      Recently Listed Homes Algodones, NM

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