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City / Town Overview

Santa Teresa, NM

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Santa Teresa, NM real estate market currently shows 316 active listings, with 61 pending sales. Homes are averaging 159 days on the market before going under contract.

Inventory has increased compared to last year, with 200 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 159 days on market compared to 79 days last year.

The median listing price has risen 5.2% year-over-year, from $347,018 to $364,938.

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Market Context

Market Context

Population: 11,771  ·  Density: 56.3/mi²  ·  Median household income: $68,192

Typical home value: $223,990  ·  Homeownership: 82.3%

Included Areas

Santa Teresa: 88008

Area Map

Market Overview

Active Listings
316
⇧ 172.4% vs 116 last year
Pending
61
19% pending ratio
Median Price
$364,938
⇧ 5.2% vs $347,018 last year
Average Price
$383,422
⇧ 8.1% vs $354,607 last year
Days on Market
159
⇧ 101.3% vs 79 days last year

Price Per Square Foot

Median $/sqft
$177
⇩ 5.9% vs $188/sqft last year
Median Home Size
2,050 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %