Socorro, NM Foreclosures
How much do homes sell for in Socorro, NM?
The average home price is currently $175,835.
In Socorro, NM, how many homes are available?
There are currently 2 active home listings available in Socorro.
What’s the average rental cost in Socorro, NM?
The average rental price in Socorro is $977.
What is the most expensive home in Socorro?
The most expensive home sold in Socorro had a price of $1,667,991.
What is currently the cheapest priced home in Socorro, NM?
The cheapest home for sale in Socorro is priced at $24,476.
Living in Socorro, NM
Socorro, NM is a small city known for its rich history and outdoor lifestyle. The community enjoys access to beautiful natural landscapes and a close-knit atmosphere, making it ideal for families and individuals alike. With educational institutions, parks, and local amenities, Socorro supports a balanced lifestyle that many find appealing.
Current Market Conditions in Socorro, NM
The real estate market in Socorro, NM is currently stable, featuring a range of home prices catering to different budgets. Inventory is modest, with a mix of single-family homes, townhouses, and some new developments. Buyers can find great value here, with several homes listed below the national average, making it an attractive option for first-time homeowners or investors looking for rental properties.
In the prevailing market, houses are receiving attention due to their affordability and the community's inviting nature. The interest from potential out-of-state buyers seeking a quaint environment and quality of life continues to influence prices positively.
Home Value Estimator For Socorro, NM
There are currently 1,843 real estate properties
in Socorro, NM,
with a median automated valuation model (AVM) price
of $164,855.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Socorro, 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 Socorro, NM,
is $175,835.00, with the most expensive house
in Socorro, NM, topping out
at $1,667,991.00 and the cheapest home
in Socorro, NM,
clocking in at $24,476.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Socorro, NM!
Rent Prices
In Socorro, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Socorro, NM, is on
a rollercoaster ride. The
average rent price in Socorro, NM,
is $977.00. Indeed, when looking to rent in
Socorro, NM, you can expect to pay as little
as $590.00 or as much
as $1,720.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Socorro, 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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