Tatum, NM Foreclosures
How much do homes sell for in Tatum, NM?
The average home price is currently $117,666.
In Tatum, NM, how many homes are available?
There are currently 16 active home listings available in Tatum.
What’s the average rental cost in Tatum, NM?
The average rental price in Tatum is $885.
What is the most expensive home in Tatum?
The most expensive home sold in Tatum had a price of $754,728.
What is currently the cheapest priced home in Tatum, NM?
The cheapest home for sale in Tatum is priced at $37,552.
Living in Tatum, NM
Tatum, NM, is a quaint village that offers a close-knit community atmosphere and tranquil living amidst stunning desert landscapes. Local amenities are available within the village, while nearby towns provide access to more extensive services. Nature lovers will appreciate the outdoor recreational opportunities the area has to offer.
Current Market Conditions in Tatum, NM
The real estate market in Tatum, NM, is currently stable, with a modest supply of homes available that reflects the smaller population of the village. The area is appealing for those looking for affordable housing options in a peaceful setting.
In recent months, Tatum has seen a gradual increase in demand for homes, especially from individuals seeking to escape urban centers. This trend may lead to a slight upturn in home prices as more buyers are looking for spacious properties with land.
Home Value Estimator For Tatum, NM
There are currently 209 real estate properties
in Tatum, NM,
with a median automated valuation model (AVM) price
of $97,132.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tatum, 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 Tatum, NM,
is $117,666.00, with the most expensive house
in Tatum, NM, topping out
at $754,728.00 and the cheapest home
in Tatum, NM,
clocking in at $37,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tatum, NM!
Rent Prices
In Tatum, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tatum, NM, is on
a rollercoaster ride. The
average rent price in Tatum, NM,
is $885.00. Indeed, when looking to rent in
Tatum, NM, you can expect to pay as little
as $590.00 or as much
as $1,490.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Tatum, 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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