Torrance County, NM Home Values & Market Trends
The median home price in Torrance County, NM is $144,869.18. There were 125 home sales in Torrance County, NM over the past 12 months. The median residential Torrance County, NM home value for transactions over the previous year is $172,781. The number of current listings in Torrance County, NM is 14, and the percentage of properties for sale is 14.00%. The county has 9 foreclosures, 2 bank owned properties, 3 headed for auction, and 14 properties for sale.
Torrance County, NM Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Moriarty | $ 180,000 $ 135/sqft | Mcintosh | $ 122,316 $ 69/sqft |
| Estancia | $ 292,785 $ 68/sqft | Mountainair | $ -- $ -- |
| Torreon | $ 72,480 $ 28/sqft | Clines Corners | $ -- $ -- |
| Encino | $ 41,445 $ 22/sqft | Willard | $ -- $ -- |
Housing Market Summary for Torrance County, NM
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $185K | $173.5K | -6.23% |
| Median Sold Price | $147.5K | $173.5K | 17.63% |
| Homes For Sale | 13 | 13 | - |
| Homes Sold | 76 | 52 | -31.58% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Torrance County, NM
Browse Homes in Torrance County, NM
Torrance County, NM home values range from $24,608 to $2,046,634. Torreon is the priciest city with a median listing home price of $459,000, and Encino is most affordable with average house prices of around $70,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Torrance County, NM with Moriarty containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Torrance County, NM; of those cities, the estimated home value for pre-foreclosure homes ranges from $340,967 in Estancia to the lowest home value of $216,178 in Moriarty.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Torrance County, NM ranges from the highest value of $99,179 in Moriarty to the lowest value of $99,179 in Estancia. Bank owned homes and properties account for 0.02% of properties in Torrance County, NM. There are 8 cities within Torrance County, NM; Estancia containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMcintosh has 1 auction properties, the highest number of properties going to auction in a single city in the state of Torrance County, NM. Auction homes and other auction properties account for 0.04% of all properties in Torrance County, NM. There are 8 cities within Torrance County, NM; of those cities, the median estimated home value for homes going to auction ranges from $162,866 in Moriarty to the lowest value of $76,890 in Moriarty.
Compare Nearby Cities
More Real Estate Resources for Torrance County, NM
Guide for Torrance County, NM
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