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Foreclosure Homes in Estancia, NM

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Estancia, NM Foreclosures

How much do homes sell for in Estancia, NM?
The average home price is currently $167,891.
In Estancia, NM, how many homes are available?
There are currently 4 active home listings available in Estancia.
What’s the average rental cost in Estancia, NM?
The average rental price in Estancia is $1,440.
What is the most expensive home in Estancia?
The most expensive home sold in Estancia had a price of $2,156,900.
What is currently the cheapest priced home in Estancia, NM?
The cheapest home for sale in Estancia is priced at $12,429.

Living in Estancia, NM

Estancia, New Mexico, is a charming small town located in Torrance County. Known for its rural landscape and close-knit community, Estancia offers a peaceful environment ideal for families and those looking to escape the hustle and bustle of city life. The town provides a range of outdoor activities such as hiking and bird watching, thanks to its proximity to the stunning Manzano Mountains and ample open spaces.

Current Market Conditions in Estancia, NM

The real estate market in Estancia is quite stable with a mix of affordable and higher-end properties. Many homes are charming ranch-style or traditional designs, appealing to buyers looking for character and space. As of late 2023, homes have seen steady demand, especially among families and retirees wanting rural tranquility.

Estancia's real estate market has attracted some interest due to increasing remote work opportunities, as many people are looking for larger spaces away from urban areas. This has led to a slight increase in home prices, particularly for properties near the mountains and other recreational areas.

Home Value Estimator For Estancia, NM

There are currently 670 real estate properties in Estancia, NM, with a median automated valuation model (AVM) price of $118,079.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Estancia, 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 Estancia, NM, is $167,891.00, with the most expensive house in Estancia, NM, topping out at $2,156,900.00 and the cheapest home in Estancia, NM, clocking in at $12,429.00. In other words, there’s something for every potential homebuyer or savvy investor in Estancia, NM!

Rent Prices In Estancia, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Estancia, NM, is on a rollercoaster ride. The average rent price in Estancia, NM, is $1,440.00. Indeed, when looking to rent in Estancia, NM, you can expect to pay as little as $1,080.00 or as much as $2,450.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Estancia, 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.

Estancia, NM Foreclosures


Market Trend for Estancia, NM

Total Listings Available: 4

Market Values:

Home Prices from $12,429 to $2,156,900

Average Sales Price: $167,891

Rental Values:

Rental from $1,080 to $2,450

Average Rent Value: $1,440 / month

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