Is 87104, 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, 87104 has remained a Seller's Market.
Housing Prices in 87104, NM
How much do homes in 87104, NM cost?
Median Sold Price
$364,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87104 was $364,500 in March 2024, down 10.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $213.2K | $425K | +99.3% |
2 Bedrooms | $277.5K | $306K | +10.3% |
3 Bedrooms | $405.2K | $412.5K | +1.8% |
4 Bedrooms | $687.1K | $455.5K | -33.7% |
5+ Bedrooms | $732.5K | $458.7K | -37.4% |
Summary: 87104 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes decreased by 37.4%.
Housing Supply in 87104, NM
How many homes are available in 87104, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The 87104 real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 87104 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 increased by 12.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 87104 in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 87104, NM
How long does it take to sell a home in 87104, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 26 Days | +265.5% |
Summary: Homes in 87104 had an average of 26 days on market in Mar 2024, up by 265.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 87104; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.