Magdalena, NM Foreclosures
How much do homes sell for in Magdalena, NM?
The average home price is currently $217,098.
In Magdalena, NM, how many homes are available?
There are currently 6 active home listings available in Magdalena.
What’s the average rental cost in Magdalena, NM?
The average rental price in Magdalena is $913.
What is the most expensive home in Magdalena?
The most expensive home sold in Magdalena had a price of $621,200.
What is currently the cheapest priced home in Magdalena, NM?
The cheapest home for sale in Magdalena is priced at $61,350.
Living in Magdalena, NM
Magdalena, NM, is a quaint town rich in history and outdoor beauty. With a strong sense of community, its residents enjoy various local amenities and a relaxed lifestyle amidst New Mexico's stunning landscapes. The nearby mountains and parks offer ample opportunities for outdoor activities, making it an ideal spot for nature lovers.
Current Market Conditions in Magdalena, NM
The real estate market in Magdalena is stable, with prices showing minor fluctuations over the past few months. The demand for homes in rural communities has been gradually increasing as more buyers seek tranquility away from urban centers. With its affordable housing options, Magdalena is attracting young families and retirees alike, who appreciate the scenic beauty and community-oriented lifestyle.
There are signs of a growing interest in eco-tourism and sustainable living within the region, which could lead to potential increases in property values and availability of rental opportunities.
Home Value Estimator For Magdalena, NM
There are currently 64 real estate properties
in Magdalena, NM,
with a median automated valuation model (AVM) price
of $201,689.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Magdalena, 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 Magdalena, NM,
is $217,098.00, with the most expensive house
in Magdalena, NM, topping out
at $621,200.00 and the cheapest home
in Magdalena, NM,
clocking in at $61,350.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Magdalena, NM!
Rent Prices
In Magdalena, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Magdalena, NM, is on
a rollercoaster ride. The
average rent price in Magdalena, NM,
is $913.00. Indeed, when looking to rent in
Magdalena, NM, you can expect to pay as little
as $720.00 or as much
as $1,140.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Magdalena, 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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