Is 87059, 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, 87059 has remained a Seller's Market.
Housing Prices in 87059, NM
How much do homes in 87059, NM cost?
Median Sold Price
$462,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 87059 was $462,500 in April 2024, up 12.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $178.2K | -20.8% |
2 Bedrooms | $292.5K | $258.7K | -11.5% |
3 Bedrooms | $409K | $400K | -2.2% |
4 Bedrooms | $506K | $680K | +34.4% |
5+ Bedrooms | $704K | $839K | +19.2% |
Summary: 87059 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 87059, NM
How many homes are available in 87059, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 33 | -15.4% |
Summary: The 87059 real estate market had 33 homes for sale in April 2024, a 15.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 10 | 5 | -50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 87059 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 decreased by 66.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 87059 in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 87059, NM
How long does it take to sell a home in 87059, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 54 Days | +145.4% |
Summary: Homes in 87059 had an average of 54 days on market in Apr 2024, up by 145.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 87059; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.