Is 87043, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 87043 has remained a Seller's Market.
Housing Prices in 87043, NM
How much do homes in 87043, NM cost?
Median Sold Price
$678,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87043 was $678,000 in March 2024, up 3.9% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232K | $226K | -2.6% |
2 Bedrooms | $456K | $485K | +6.4% |
3 Bedrooms | $661K | $675K | +2.1% |
4 Bedrooms | $780K | $765K | -1.9% |
5+ Bedrooms | $863K | $1.8M | +119.9% |
Summary: 87043 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 119.9%.
Housing Supply in 87043, NM
How many homes are available in 87043, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The 87043 real estate market had 41 homes for sale in March 2024, a 12.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 87043 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 87043 in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 87043, NM
How long does it take to sell a home in 87043, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 49 Days | -18.0% |
Summary: Homes in 87043 had an average of 49 days on market in Mar 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 87043; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.