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    San Miguel de Allende Real Estate Market Reports

    The real numbers behind San Miguel de Allende real estate, explained in plain language.

    Video · October 2026

    The San Miguel Real Estate Reality Check

    In just over a minute I break down what is really happening in the market: inventory, pricing discipline & what buyers and sellers should watch this fall.

    October 2026New

    October monthly update

    October 1 - October 31, 2026

    If you’re a buyer, far fewer new listings came on the market and sellers held firmer on price, so your negotiating room is in the homes that have been sitting. If you’re a seller, there’s less competition and the right homes sold close to asking, but overpriced homes waited months. Have a look at the report to see where you stand.

    Closings
    Median final price
    Days to sell
    September 2026

    September monthly update

    September 1 - September 30, 2026

    If you’re a buyer, we saw a big wave of new listings enter the market, and almost every closing came in well under asking price, so there is real room to negotiate. If you’re a seller, well-priced homes moved twice as fast this month, but if you’re overpriced heading into high season, you risk sitting while new competition arrives. Have a look at the report to see where real contracts are being signed.

    Closings
    Median final price
    Days to sell
    August 2026

    August monthly update

    August 1 - August 31, 2026

    If you’re a buyer, summer gave you time to breathe, especially with homes that have been sitting on the market over a year where sellers are ready to talk. If you’re a seller, reaching a signed deal took roughly six months, and the only homes moving quickly were the ones priced right against actual closed sales, not asking prices. Take a look at the report to see what that means for your timing.

    Closings
    Median price
    Days to sell
    July 2026

    July monthly update

    July 1 - July 31, 2026

    If you’re a buyer, the greatest selection of homes landed between $250K & $500K, while in the luxury tier we saw so few closings that buyers had serious leverage. If you’re a seller, overpricing only led to cutting the price down the road, while listings with competitive pricing actually sold in a reasonable amount of time. This is why pricing right from day one is so important if you really want to sell. Have a look at the report to see where you stand.

    Closings
    Median price
    Days to sell
    2026 Year to Date

    Year-to-date report

    Year to date (January 1 - October 31, 2026)

    Ten months of recorded sales at final prices: pricing, time to sell, price bands, the buyer profile & the month-by-month pace.

    Closings
    Median price
    Volume

    Want to know how your neighborhood or price range is doing?

    Citywide averages will not help you decide anything. Tell me the area or the budget you care about & I will show you the comparable homes that actually apply to your situation.

    All figures are compiled from the AMPI San Miguel de Allende MLS, the official multiple listing service of the Mexican Association of Real Estate Professionals. Mike Fanelli is an active AMPI member, affiliated with The Agency San Miguel de Allende.

    How’s the Market? Market report covering January 1 - October 31, 2026.
    Source: AMPI San Miguel de Allende MLS, sales recorded January 1 through October 31, 2026, restated November 4, 2026 on final sale prices. 330 cleaned house and condominium sales recorded.

    Methodology & disclaimer. Figures cover houses & condominiums; land & commercial sales are excluded from price statistics. Every sale is counted in the month the MLS recorded it, and all prices are final sale prices. Counts exclude rental listings & records bulk-archived from the legacy MLS, whose recorded dates reflect administrative archiving rather than actual closings. Peso sales converted at each month’s average rate, 17.08 to 18.43 MXN per dollar. Roughly 70% of sales settle in dollars, so the median moves less than $17,000 across the full range of exchange rates seen this year. Figures represent MLS-recorded transactions only & may not capture all private sales. This report is provided for general informational purposes; it is not an appraisal or financial advice, so consult a licensed professional for decisions on a specific property.

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