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Preforeclosure Homes in Melrose, NM 88124

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Melrose, NM Foreclosures

How much do homes sell for in Melrose, NM?
The average home price is currently $107,460.
What’s the average rental cost in Melrose, NM?
The average rental price in Melrose is $874.
What is the most expensive home in Melrose?
The most expensive home sold in Melrose had a price of $690,214.
What is currently the cheapest priced home in Melrose, NM?
The cheapest home for sale in Melrose is priced at $21,907.

Living in Melrose, NM

Melrose, NM is a serene small town that offers a sense of community and tranquility. With its rich history and access to beautiful natural landscapes, it's an ideal place for those seeking a quiet and friendly environment. Residents enjoy a slower pace of life while still having access to essential amenities.

Current Market Conditions in Melrose, NM

The real estate market in Melrose, NM is characterized by a limited inventory of homes, making it a competitive environment for buyers. Properties tend to sell quickly, often attracting those looking for a peaceful retreat from urban life. Average sale prices have shown steady growth in the past year as more people discover the charm of small-town living.

Home Value Estimator For Melrose, NM

There are currently 560 real estate properties in Melrose, NM, with a median automated valuation model (AVM) price of $77,271.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melrose, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melrose, NM, is $107,460.00, with the most expensive house in Melrose, NM, topping out at $690,214.00 and the cheapest home in Melrose, NM, clocking in at $21,907.00. In other words, there’s something for every potential homebuyer or savvy investor in Melrose, NM!

Rent Prices In Melrose, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melrose, NM, is on a rollercoaster ride. The average rent price in Melrose, NM, is $874.00. Indeed, when looking to rent in Melrose, NM, you can expect to pay as little as $570.00 or as much as $2,090.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Melrose, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Melrose, NM 88124 Preforeclosure Homes


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