Espanola, NM Home Values & Market Trends

Real estate market trends reflect that there have been 77 transactions over the past year in Espanola. The median value for residential home transactions that occurred over the previous year is $262,211. The number of current listings in Espanola is 1, and the percentage of properties for sale in the city is 1.00%. Espanola, NM currently has 3 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 1 properties for sale.

Espanola, NM Real Estate Market Overview

ZipMedian Est. Value
87532

$ 145,167

$ 222/sqft

Housing Market Summary for Espanola, NM

Apr 2023March 2024Change
Median Listing Price$220K$353.7K60.76%
Median Sold Price$319.4K$353.7K10.73%
Homes For Sale50-100.00%
Homes Sold5547-14.55%
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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 Espanola, NM

Espanola home values range from $32,839 to $2,671,643. The median estimated value of a home in Espanola is $262,211. The median list price of a home is 175,000, and the total count of properties in the city is 7,914.

Foreclosure
There is 1 zips within Espanola, NM; within this zips, the median estimated home value for homes in foreclosure ranges from $217,535 in 87532 to the lowest value of $217,535 in 87532. Foreclosure homes account for 0.00% of properties in Espanola, NM with 87532 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Espanola, NM with 87532 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Espanola, NM; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in 87532 to the lowest home value of $0 in 87532.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Espanola, 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 Espanola, NM. There is 1 zips within Espanola, NM; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    87532 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Espanola, NM. Auction homes and other auction properties account for 0.03% of all properties in Espanola, NM. There is 1 zips within Espanola, NM; of that zips, the median estimated home value for homes going to auction ranges from $217,535 in 87532 to the lowest value of $217,535 in 87532.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.01% of residential properties in Espanola, NM with 87532 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Espanola, NM; homes for sale in that zips, have a range of median values from $145,167 in 87532 to the lowest value of $145,167 in 87532.
    Sold Homes
    The median value for recently sold homes ranges from $2,028,447 in 87532 to the lowest price of $100,056 in 87532. There is 1 zips within Espanola, NM. 87532 has 42 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.53% of properties in Espanola, NM.

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      Guide for Espanola, NM

      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
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      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

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Recently Listed Homes Espanola, NM

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