Torreon, NM Foreclosures
How much do homes sell for in Torreon, NM?
The average home price is currently $154,915.
In Torreon, NM, how many homes are available?
There are currently 15 active home listings available in Torreon.
What’s the average rental cost in Torreon, NM?
The average rental price in Torreon is $892.
What is the most expensive home in Torreon?
The most expensive home sold in Torreon had a price of $738,233.
What is currently the cheapest priced home in Torreon, NM?
The cheapest home for sale in Torreon is priced at $36,010.
Living in Torreon, NM
Torreon, located in the scenic Land of Enchantment, offers a serene and expansive living environment. The area is predominantly rural, providing plenty of space and natural beauty for residents. Outdoor enthusiasts will appreciate the close proximity to recreational activities, including hiking, camping, and fishing in nearby lakes and forests.
Current Market Conditions in Torreon, NM
The real estate market in Torreon is currently stable, with a mix of residential properties offering single-family homes and larger plots of land for those seeking more space. The area is experiencing slow but steady growth, as more people are looking to escape urban settings for quieter, more spacious living environments.
There is a growing interest in the natural landscapes and recreational opportunities that Torreon offers, which is driving demand for homes, particularly among those wanting to build custom homes or purchase land.
Home Value Estimator For Torreon, NM
There are currently 78 real estate properties
in Torreon, NM,
with a median automated valuation model (AVM) price
of $114,970.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Torreon, 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 Torreon, NM,
is $154,915.00, with the most expensive house
in Torreon, NM, topping out
at $738,233.00 and the cheapest home
in Torreon, NM,
clocking in at $36,010.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Torreon, NM!
Rent Prices
In Torreon, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Torreon, NM, is on
a rollercoaster ride. The
average rent price in Torreon, NM,
is $892.00. Indeed, when looking to rent in
Torreon, NM, you can expect to pay as little
as $490.00 or as much
as $1,370.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Torreon, 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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