Is 87004, 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, 87004 has remained a Seller's Market.
Housing Prices in 87004, NM
How much do homes in 87004, NM cost?
Median Sold Price
$374,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 87004 was $374,000 in April 2024, down 0.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231K | $53K | -77.1% |
2 Bedrooms | $345K | $387.5K | +12.3% |
3 Bedrooms | $360K | $365K | +1.4% |
4 Bedrooms | $438.5K | $475K | +8.3% |
5+ Bedrooms | $2.1M | $350K | -83.3% |
Summary: 87004 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 83.3%.
Housing Supply in 87004, NM
How many homes are available in 87004, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Summary: The 87004 real estate market had 29 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 87004 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 87004 in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 87004, NM
How long does it take to sell a home in 87004, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 32 Days | +794.4% |
Summary: Homes in 87004 had an average of 32 days on market in Apr 2024, up by 794.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 87004; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.