El Prado, NM Foreclosures
How much do homes sell for in El Prado, NM?
The average home price is currently $546,963.
In El Prado, NM, how many homes are available?
There are currently 1 active home listings available in El Prado.
What’s the average rental cost in El Prado, NM?
The average rental price in El Prado is $1,343.
What is the most expensive home in El Prado?
The most expensive home sold in El Prado had a price of $3,333,300.
What is currently the cheapest priced home in El Prado, NM?
The cheapest home for sale in El Prado is priced at $63,944.
Living in El Prado, NM
El Prado, NM is a picturesque community situated near Taos, known for its beautiful mountain views and rich cultural heritage. The area offers various outdoor activities, friendly local businesses, and a close-knit community vibe. With its stunning landscapes and easy access to amenities, El Prado is an ideal location for those seeking a serene lifestyle amidst natural beauty.
Current Market Conditions in El Prado, NM
The real estate market in El Prado has shown a steady increase in home values over the past year, driven by demand for vacation homes and investment properties. The area's appeal to outdoor enthusiasts and its proximity to Taos continue to attract new residents and investors alike. Properties range from cozy adobe homes to more modern constructions, catering to a wide range of buyers looking for both primary residences and second homes.
Market activity has been relatively brisk, with many homes receiving offers quickly. Buyers should expect competitive bidding, particularly for well-priced listings that offer desirable features such as views, acreage, and proximity to outdoor amenities.
Home Value Estimator For El Prado, NM
There are currently 938 real estate properties
in El Prado, NM,
with a median automated valuation model (AVM) price
of $493,532.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in El Prado, 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 El Prado, NM,
is $546,963.00, with the most expensive house
in El Prado, NM, topping out
at $3,333,300.00 and the cheapest home
in El Prado, NM,
clocking in at $63,944.00. In other words, there’s
something for every potential homebuyer
or savvy investor in El Prado, NM!
Rent Prices
In El Prado, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in El Prado, NM, is on
a rollercoaster ride. The
average rent price in El Prado, NM,
is $1,343.00. Indeed, when looking to rent in
El Prado, NM, you can expect to pay as little
as $910.00 or as much
as $2,270.00,
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 El Prado, 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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