University Park, NM Foreclosures
How much do homes sell for in University Park, NM?
The average home price is currently $476,226.
What’s the average rental cost in University Park, NM?
The average rental price in University Park is $1,257.
What is the most expensive home in University Park?
The most expensive home sold in University Park had a price of $1,617,600.
What is currently the cheapest priced home in University Park, NM?
The cheapest home for sale in University Park is priced at $73,381.
Living in University Park, NM
University Park is a charming residential community located just minutes away from the vibrant city of Las Cruces. Known for its family-friendly atmosphere, it features lovely parks and access to quality educational institutions. This area is perfect for those looking for a peaceful yet convenient place to call home.
Current Market Conditions in University Park, NM
The real estate market in University Park has seen steady growth, with a healthy demand for homes due to its proximity to New Mexico State University and the affordable living costs in Las Cruces. Homes in this area are often attractive to families and university staff seeking a quiet, residential environment while still being close to urban conveniences.
As of now, the market is characterized by relatively low inventory levels, leading to competitive bidding on desirable homes. Prices have been stable over the past few months, indicating a balanced market, making it an appealing time for homebuyers looking to invest in the area.
Home Value Estimator For University Park, NM
There are currently 19 real estate properties
in University Park, NM,
with a median automated valuation model (AVM) price
of $323,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in University Park, 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 University Park, NM,
is $476,226.00, with the most expensive house
in University Park, NM, topping out
at $1,617,600.00 and the cheapest home
in University Park, NM,
clocking in at $73,381.00. In other words, there’s
something for every potential homebuyer
or savvy investor in University Park, NM!
Rent Prices
In University Park, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in University Park, NM, is on
a rollercoaster ride. The
average rent price in University Park, NM,
is $1,257.00. Indeed, when looking to rent in
University Park, NM, you can expect to pay as little
as $590.00 or as much
as $2,400.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in University Park, 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.
Learn more on Foreclosure homes
