Algodones, NM Foreclosures
How much do homes sell for in Algodones, NM?
The average home price is currently $451,021.
In Algodones, NM, how many homes are available?
There are currently 89 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 serene landscape and rich cultural history. The area offers beautiful natural surroundings perfect for outdoor enthusiasts while remaining close to Albuquerque for additional amenities. It's an excellent location for those seeking a peaceful and community-centered lifestyle.
Current Market Conditions in Algodones, NM
The real estate market in Algodones, NM has been steadily growing, with an increase in interest from potential buyers looking for homes in a quiet and scenic area. The demand for properties has remained stable, and prices are starting to reflect this upward trend.
In recent years, the area has seen a rise in new developments, making it more appealing for families and retirees alike. As more people discover the beauty and charm of Algodones, the competition for homes is likely to continue.
Home Value Estimator For Algodones, NM
There are currently 225 real estate properties
in Algodones, NM,
with a median automated valuation model (AVM) price
of $394,558.00. 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 $451,021.00, 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.
Learn more on Foreclosure homes
