Is 87015, 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, 87015 has remained a Seller's Market.
Housing Prices in 87015, NM
How much do homes in 87015, NM cost?
Median Sold Price
$419,300
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 87015 was $419,300 in April 2024, up 9.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $141.4K | +36.0% |
2 Bedrooms | $279.5K | $320K | +14.5% |
3 Bedrooms | $368K | $370K | 0.5% |
4 Bedrooms | $476.5K | $476K | -0.1% |
5+ Bedrooms | $1.2M | $567.5K | -54.8% |
Summary: 87015 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 54.8%.
Housing Supply in 87015, NM
How many homes are available in 87015, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 54 | +10.2% |
Summary: The 87015 real estate market had 54 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 87015 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 increased by 25%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 87015 in April 2024, up by 200.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 87015, NM
How long does it take to sell a home in 87015, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 25 Days | +43.4% |
Summary: Homes in 87015 had an average of 25 days on market in Apr 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
9 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, 12 homes were sold in 87015; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.