In its May 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Socorro County, New Mexico.
The Median Sale Price for properties in Socorro County was documented at $365,000 for May 2024. This price point is an upward move of 128.1% from the previous month and shows a 65.9% rise from the year before.
During this period, 3 homes were sold in the area, reflecting a decrease 72.7% compared to the month beforeand and a decrease of 57.1% from the same month in the previous year.
Furthermore, homes in Socorro County were on the market for an average of 152 days before selling, reflecting an increase of 101 day days month-over-month and an increase of 118 days day year-over-year.
Socorro County’s Market Pulse Score currently stands at 125 indicating a rising trend for the market.
For more information about the Socorro County, New Mexico market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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