New - 1 day on Rocket
$1,841 Closing Credit¹
#1075726, Myra Oden, Listing Office: United Country Farm & Home
Torrance County Housing Market Report December 2024•Torrance County, New Mexico
Housing Prices in Torrance County, NM
How much do homes in Torrance County, NM cost?
Housing Market Conditions
Is Torrance County, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Torrance County is a Seller's Market
Difference Since December 2023
At the same time last year, Torrance County was a Buyer's Market.
Insight
Torrance County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$233,695$155/SqFt
+$13,195
+6.0%
Based on all homes sold in the last 12 months
Insight
Homes in Torrance County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Torrance County was $233,695 in December 2024, up 6% from last year, and the median price per square foot was $155.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Torrance County | $220.5K | $233.6K | +6.0% |
| Bernalillo County | $335.2K | $350K | +4.4% |
| Santa Fe County | $575.5K | $598.1K | +3.9% |
| Valencia County | $290.7K | $300.2K | +3.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $237.5K | $119K | -49.9% |
| 44 Bedrooms | $249.5K | $233.6K | -6.4% |
| 22 Bedrooms | $180K | $220.9K | +22.8% |
| 33 Bedrooms | $337.5K | $239.6K | -29.0% |
| 55+ Bedrooms | $520K | $222.5K | -57.2% |
Summary: Torrance County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -49.9%. The home price for 4 bedroom homes decreased by -6.4%. The home price for 2 bedroom homes increased by +22.8%. The home price for 3 bedroom homes decreased by -29.0%. The home price for 5 bedroom homes decreased by -57.2%.
Housing supply in Torrance County, NM
How many homes are available in Torrance County, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 33Last MonthDec 2024 | ||
| 402 months agoNov 2024 | -17.5 % Change MoMNov – Dec |
Summary: The Torrance County real estate market had 33 homes for sale in Dec 2024, a 17.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthDec 2024 | ||
| 102 months agoNov 2024 | -30.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 44 Bedrooms | 8 | 4 | -50.0% |
| 22 Bedrooms | 11 | 11 | 0.0% |
| 33 Bedrooms | 18 | 15 | -16.7% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Torrance County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Torrance County, NM cost?
Over Asking Price2 Homes
At Asking Price3 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in Torrance County, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Torrance County in December 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and and 29% were sold over asking.
Days on Market for Torrance County, NM
How long does it take to sell a home in Torrance County, NM?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days3 Homes
Over 90 Days0 Home
Insight
Many homes in Torrance County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in Torrance County; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearDec 2024 | ||
| 7 Days1 year agoDec 2023 | +312.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Torrance County had an average listing age of 28 days in Dec 2024, up by 312.2% compared to the previous year.
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Newest Listings in Torrance County, NM
What homes are available in Torrance County, NM?
New - 1 day on Rocket
#1075476, Edward Donovan, Listing Office: Continental RE Group, Inc
New - 2 days on Rocket
$582 Closing Credit¹
#1077105, Marissa V Ortega, Listing Office: EXP Realty LLC
New - 2 days on Rocket
#1077110, Elizabeth Alejandra Vega-Vargas, Listing Office: Re/Max Exclusive
New - 4 days on Rocket
#1076863, Wendy Louise Harrington, Listing Office: Coldwell Banker Legacy
#1076773, Timothy R Oden, Listing Office: United Country Farm & Home
#1076721, Timothy R Oden, Listing Office: United Country Farm & Home
$4,002 Closing Credit¹
#1075840, New Mexico Home Group, Listing Office: Jason Mitchell RE NM
$2,316 Closing Credit¹
#1075082, Maria Cristina Tena, Listing Office: EXP Realty LLC
#1073240, Patrick Todd Sledge, Listing Office: Hawkeye Realty
#1074136, Patrick Todd Sledge, Listing Office: Hawkeye Realty
#1075303, Kim A. Plummer, Listing Office: Realty One of New Mexico
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MLS Disclaimers and Copyright
Based on information from Southwest Multiple Listing Service, and Santa Fe MLS for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.