Santa Teresa's real estate market is currently hot with low inventory and high demand. The median home price in Santa Teresa currently stands at $334,145. With 2.0 months of supply, Santa Teresa's inventory levels remain relatively tight. Transaction volume is up 58% compared to what's typically expected this time of year. Only 7.9% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 5.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Santa Teresa market with the affordability index at 306.4. Based on current market indicators, home prices in Santa Teresa are projected to decrease by approximately 7.9% over the next month.