Homes for Sale Under 400K in Santa Teresa, NM

85 Homes for Sale

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Santa Teresa, NM Housing Market Overview

Santa Teresa's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 10.3-month supply of homes and properties spending 19 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

19

Inventory

85

Aug 2021Mar 2024Mar 2026

Median Home Price

$312,500Up 0.01%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
85 Up 0.21%
Newly Listed Homes
13 Up 5.50%
Months of Supply
10.3 Down 6.70%

Housing Demand

Homes Sold
4 Up 1.00%
Sale-to-List Ratio
98.5% Up 0.74%
Homes Sold Above List
0% Down 50.00%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Santa Teresa Market Report
No. of Homes
Prices
Homes for Sale Bernalillo
2,835
$429,000
Homes for Sale Albuquerque
2,530
$365,000
Homes for Sale Rio Rancho
1,873
$411,950
  • mls-img
    Based on information from the Greater El Paso Association of REALTORS® (alternatively, from GEPAR) from the Multiple Listing Service through Sep 7, 2026, 6:45 AM. Neither the Board nor GEPAR guarantees or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the Board or GEPAR may not reflect all real estate activity in the market. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2025 Greater El Paso Association of Realtors.

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Santa Teresa, NM Housing Marketlink qauare
Homes Available icon

85

Homes Available

Median List Price icon

$ 312,500

Median List Price

Avg on Market icon

19 Days

Avg on Market

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