Is Cabezon, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cabezon has remained a Seller's Market.
Housing Prices in Cabezon, NM
How much do homes in Cabezon, NM cost?
Median Sold Price
$383,625
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cabezon was $383,625 in April 2024, down 1.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285K | $309.9K | +8.8% |
3 Bedrooms | $360K | $346.5K | -3.8% |
4 Bedrooms | $435K | $437.5K | +0.6% |
5+ Bedrooms | $485K | $526K | +8.5% |
Summary: Cabezon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Albuquerque | $336.4K | $354.9K | +5.5% |
Cabezon | $389K | $383.6K | -1.4% |
Housing Supply in Cabezon, NM
How many homes are available in Cabezon, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Cabezon real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Cabezon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Cabezon in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Cabezon, NM
How long does it take to sell a home in Cabezon, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 24 Days | -7.3% |
Summary: Homes in Cabezon had an average of 24 days on market in Apr 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Cabezon; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.