Cerrillos, NM Foreclosures
How much do homes sell for in Cerrillos, NM?
The average home price is currently $455,192.
In Cerrillos, NM, how many homes are available?
There are currently 57 active home listings available in Cerrillos.
What’s the average rental cost in Cerrillos, NM?
The average rental price in Cerrillos is $1,349.
What is the most expensive home in Cerrillos?
The most expensive home sold in Cerrillos had a price of $6,633,180.
What is currently the cheapest priced home in Cerrillos, NM?
The cheapest home for sale in Cerrillos is priced at $40,228.
Living in Cerrillos, NM
Cerrillos, NM is a charming historic village located near Santa Fe, renowned for its mining heritage and remarkable natural landscapes. With nearby parks and a focus on community events, it provides a serene lifestyle for families and individuals alike. The area is ideal for those who appreciate outdoor activities and a close-knit community atmosphere.
Current Market Conditions in Cerrillos, NM
The real estate market in Cerrillos has seen a steady increase in demand over the past year, with more buyers drawn to its unique character and rural charm. As urban areas become increasingly crowded, many individuals and families are searching for peaceful retreats outside city limits. This has led to a rise in property values, making it an attractive market for both potential homebuyers and investors.
Properties in Cerrillos tend to sell quickly, especially those that maintain the area’s historical aesthetic or offer ample outdoor space. Additionally, as more people work remotely, there has been an uptick in interest for homes that provide a balance of office space and comfortable living.
Home Value Estimator For Cerrillos, NM
There are currently 463 real estate properties
in Cerrillos, NM,
with a median automated valuation model (AVM) price
of $358,895.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cerrillos, 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 Cerrillos, NM,
is $455,192.00, with the most expensive house
in Cerrillos, NM, topping out
at $6,633,180.00 and the cheapest home
in Cerrillos, NM,
clocking in at $40,228.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cerrillos, NM!
Rent Prices
In Cerrillos, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cerrillos, NM, is on
a rollercoaster ride. The
average rent price in Cerrillos, NM,
is $1,349.00. Indeed, when looking to rent in
Cerrillos, NM, you can expect to pay as little
as $630.00 or as much
as $2,810.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Cerrillos, 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
