Roswell, NM Foreclosures
How much do homes sell for in Roswell, NM?
The average home price is currently $187,114.
What’s the average rental cost in Roswell, NM?
The average rental price in Roswell is $1,084.
What is the most expensive home in Roswell?
The most expensive home sold in Roswell had a price of $9,502,018.
What is currently the cheapest priced home in Roswell, NM?
The cheapest home for sale in Roswell is priced at $10,400.
Living in Roswell, NM
Roswell, NM, is a lively city steeped in history and culture known for its UFO lore and good-natured community. Whether you're seeking outdoor adventures in the area's parks or looking into educational options for families, Roswell offers a mix of amenities and activities that cater to diverse lifestyles. Its warm climate and welcoming residents make it a desirable place to call home.
Current Market Conditions in Roswell, NM
The Roswell real estate market is currently experiencing steady growth, with home prices gradually rising due to increased demand. The affordability of homes combined with low interest rates has attracted first-time buyers as well as investors, contributing to a vibrant housing environment.
In 2023, Roswell has seen a surge in new constructions and developments, particularly in suburban areas, reflecting a shift in preferences as more people move to the region for its affordable living and community focus. Investors are taking notice, leading to new opportunities in both residential and commercial real estate.
Traditionally known for its low cost of living, Roswell's housing market is becoming more competitive, but opportunities still exist for savvy buyers. Neighborhoods close to parks and schools are particularly sought after, indicating healthy long-term growth.
Home Value Estimator For Roswell, NM
There are currently 21,243 real estate properties
in Roswell, NM,
with a median automated valuation model (AVM) price
of $147,484.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Roswell, 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 Roswell, NM,
is $187,114.00, with the most expensive house
in Roswell, NM, topping out
at $9,502,018.00 and the cheapest home
in Roswell, NM,
clocking in at $10,400.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Roswell, NM!
Rent Prices
In Roswell, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Roswell, NM, is on
a rollercoaster ride. The
average rent price in Roswell, NM,
is $1,084.00. Indeed, when looking to rent in
Roswell, NM, you can expect to pay as little
as $520.00 or as much
as $3,460.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Roswell, 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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