Socorro County, NM Home Values & Market Trends

The median home price in Socorro County, NM is $154,203.65. There were 99 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

$ 170,000

$ 132/sqft

Claunch

$ --

$ --

Lemitar

$ 73,000

$ 49/sqft

La Joya

$ --

$ --

San Antonio

$ --

$ --

San Acacia

$ --

$ --

Veguita

$ --

$ --

Polvadera

$ --

$ --

Magdalena

$ --

$ --

Housing Market Summary for Socorro County, NM

Apr 2023March 2024Change
Median Listing Price$295K$202.2K-31.47%
Median Sold Price$183.2K$202.2K10.35%
Homes For Sale36100.00%
Homes Sold6340-36.51%
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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Browse Homes in Socorro County, NM

Socorro County, NM home values range from $25,042 to $2,563,261. Socorro is the priciest city with a median listing home price of $232,500, and Lemitar is most affordable with average house prices of around $65,000.

Foreclosure
There are 9 cities within Socorro County, NM; within these cities, the median estimated home value for homes in foreclosure ranges from $782,265 in Veguita to the lowest value of $782,265 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 $782,265 in Veguita to the lowest home value of $782,265 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 0.07% 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 $325,260 in Veguita to the lowest price of $25,891 in Veguita. There are 9 cities within Socorro County, NM. Socorro has 38 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 0.63% of properties in Socorro County, NM.

      Compare Nearby Cities

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      Guide for Socorro County, 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 Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      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

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes Socorro County, NM

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