Algodones, NM Foreclosures
How much do homes sell for in Algodones, NM?
The average home price is currently $442,949.
In Algodones, NM, how many homes are available?
There are currently 105 active home listings available in Algodones.
What’s the average rental cost in Algodones, NM?
The average rental price in Algodones is $1,261.
What is the most expensive home in Algodones?
The most expensive home sold in Algodones had a price of $1,756,254.
What is currently the cheapest priced home in Algodones, NM?
The cheapest home for sale in Algodones is priced at $30,574.
Living in Algodones, NM
Algodones, NM, is a quaint village known for its beautiful desert landscape and close-knit community. With great access to Albuquerque's urban amenities, residents can enjoy a blend of rural charm and modern conveniences. Outdoor activities abound, making it a fantastic place for nature lovers and families alike.
Current Market Conditions in Algodones, NM
The real estate market in Algodones remains stable, showing modest growth trends over the last year. Interest rates have slightly influenced buyer activity, leading to a diverse range of properties available in different price brackets. Overall, demand for homes in the area has been consistent, supported by buyers seeking more space and a peaceful environment.
Currently, homes in Algodones are generally affordable compared to urban areas, leading to increased interest from families and retirees looking for a quieter lifestyle. Property values have shown a slight increase due to limited availability and ongoing demand, creating opportunities for both buyers and investors.
Home Value Estimator For Algodones, NM
There are currently 226 real estate properties
in Algodones, NM,
with a median automated valuation model (AVM) price
of $400,502.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Algodones, 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 Algodones, NM,
is $442,949.00, with the most expensive house
in Algodones, NM, topping out
at $1,756,254.00 and the cheapest home
in Algodones, NM,
clocking in at $30,574.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Algodones, NM!
Rent Prices
In Algodones, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Algodones, NM, is on
a rollercoaster ride. The
average rent price in Algodones, NM,
is $1,261.00. Indeed, when looking to rent in
Algodones, NM, you can expect to pay as little
as $460.00 or as much
as $3,010.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Algodones, 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.
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