Weed, NM Foreclosures
Current Market Conditions in in Weed, NM As of February 2026?
Over the past month, Weed's real estate market has shown signs of steady activity, with a few listings becoming available. The average time on the market remains stable, and there has been modest interest from prospective buyers, primarily looking for affordable options away from larger urban areas.
How much do homes sell for in Weed, NM?
The average home price is currently $303,444.
In Weed, NM, how many homes are available?
There are currently 70 active home listings available in Weed.
What’s the average rental cost in Weed, NM?
The average rental price in Weed is $1,117.
What is the most expensive home in Weed?
The most expensive home sold in Weed had a price of $1,671,355.
What is currently the cheapest priced home in Weed, NM?
The cheapest home for sale in Weed is priced at $50,405.
Living in Weed, NM
Weed, NM is a peaceful unincorporated community in Otero County, perfect for those seeking a quiet lifestyle in a beautiful natural setting. With access to outdoor activities and local amenities, it offers a unique blend of tranquility and convenience. A small-town atmosphere encourages community engagement and a slower pace of life.
Buyer vs Seller Market in Weed, NM
The real estate market in Weed, NM remains relatively stable, characterized by affordable housing options and a modest growth in property values. With the rise of remote work, some individuals are seeking more spacious homes in rural areas, thus, increasing interest in the Weed area.
Although home sales are not as fast-paced as in larger cities, there is a continuous demand for homes, especially from retirees and young families looking to escape urban cores. Buyers can expect to find a range of properties from quaint single-family homes to larger parcels of land.
Home Value Estimator For Weed, NM
There are currently 60 real estate properties
in Weed, NM,
with a median automated valuation model (AVM) price
of $216,808.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Weed, 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 Weed, NM,
is $303,444.00, with the most expensive house
in Weed, NM, topping out
at $1,671,355.00 and the cheapest home
in Weed, NM,
clocking in at $50,405.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Weed, NM!
Rent Prices
In Weed, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Weed, NM, is on
a rollercoaster ride. The
average rent price in Weed, NM,
is $1,117.00. Indeed, when looking to rent in
Weed, NM, you can expect to pay as little
as $610.00 or as much
as $2,450.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Weed, 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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