Is 87105, 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, 87105 has remained a Seller's Market.
Housing Prices in 87105, NM
How much do homes in 87105, NM cost?
Median Sold Price
$285,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87105 was $285,000 in March 2024, up 12.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $240K | +60.0% |
2 Bedrooms | $192K | $205K | +6.8% |
3 Bedrooms | $256K | $295K | +15.2% |
4 Bedrooms | $304K | $307.5K | +1.2% |
5+ Bedrooms | $380K | $416K | +9.5% |
Summary: 87105 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 87105, NM
How many homes are available in 87105, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 98 | -4.9% |
Summary: The 87105 real estate market had 98 homes for sale in March 2024, a 4.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 23 | -14.8% |
3 Bedrooms | 49 | 44 | -10.2% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 87105 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 87105 in March 2024, up by 30.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 17% were sold at asking, and 47% were sold over asking.
Days on Market for 87105, NM
How long does it take to sell a home in 87105, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 16 Days | -40.3% |
Summary: Homes in 87105 had an average of 16 days on market in Mar 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 87105; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.