Photo: B575 · CC BY-SA 3.055 homes sold in Santa Teresa in the last year, at a typical $343K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Santa Teresa homes are listed.
Every place Santa Teresa homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Santa Teresa.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of Santa Teresa’s sales, at a typical $351K
55 homes sold in the year to May 2026.
typical sale · 49 sold in 12 months
- Per square foot
- $173NM $212
- Days to sell
- 84
- Sold over asking
- 6%
- Listings with a price cut
- 25%
Townhouses: 5 sold, typical $247K
Condos: 1 sold, typical $145K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at twice the 2016 price
55 sales in the last year, against 60 in 2018 and a low of 18 in 2012. The typical sale went from $177K in 2016 to $343K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Santa Teresa
Check a listing against what Santa Teresa homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Santa Teresa are back to pre-pandemic levels, and more homes are for sale
We read every month of Santa Teresa’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 55 sales.
If you’re buying in Santa Teresa
- Shop in October. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (2% over asking).
- Bid near asking. Buyers paid 99% of the list price on average; 5% paid over.
- You’ll usually have time. Only 27% of homes go under contract within two weeks; the typical one takes 82 days.
Summer brings the homes; fall brings the bidding wars
July has the most new listings (about 7 a month), but September is the most competitive: 28% of September sales close over asking. October offers nearly as much choice with fewer homes bid up (2%). October has the least competition (2%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like New Mexico as a whole
| Santa Teresa now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 5% | 7% | 33% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 27% | 2% | 2% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 17% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 99% | 96.4% | 101.8% | 96.5% |
| Days to sellMedian days from listing to contract | 82 | 104 | 62 | 64 |
31 homes for sale on a typical day
That’s 3.7 times the 2022 low (8), 29% more than in 2017–19 and well under 2016’s 38.
1 in 6 listings has cut its price
17% in the last year, against — in 2017–19 and 21% across New Mexico.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Santa Teresa home costs about $2,028 a month
Price: Santa Teresa’s typical sale, last 12 months. Property tax at Santa Teresa’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Santa Teresa is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. February has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $343K home, about $2,860 a year.
Taxes vs. neighborsSchools
The schools grade for Santa Teresa, from test results, graduation and how much students grow.
Schools in Santa TeresaTypical commute
The average one-way trip to work for people who live in Santa Teresa.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
El Paso sells for less a square foot
The busier markets within 25 miles of Santa Teresa, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| El Paso | 5,635 | $252K | $154 | 20% | 47 |
| Sunland Park | 199 | $347K | $184 | 6% | 88 |
| Vinton | 89 | $286K | $175 | 9% | 132 |
| Santa Teresa | 55 | $343K | $172 | 5% | 82 |
| Canutillo | 25 | $415K | $188 | 28% | 106 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Santa Teresa, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Santa Teresa. People who follow the town see it, and so do people comparing Santa Teresa with their own town. No commission, no listing fee.
Questions about buying a home in Santa Teresa
What do homes sell for in Santa Teresa, NM?
55 homes sold in the year to May 2026 at a typical $343K, $172 a square foot.
Is Santa Teresa a buyer’s or seller’s market?
A buyer’s market: 52 homes were for sale in May 2026 and 2 sold, about 26 months of supply. Buyers paid 99% of asking on average, and 17% of listings cut their price.
When is the best time to buy in Santa Teresa?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Santa Teresa?
About 0.8% of a home’s value a year. On a $343K home that’s near $2,860.
Where can I see homes for sale in Santa Teresa?
Zillow, Redfin, Realtor.com and Homes.com all carry Santa Teresa’s MLS listings; the search links above open each one filtered to Santa Teresa.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).