Is 87106, 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, 87106 has remained a Seller's Market.
Housing Prices in 87106, NM
How much do homes in 87106, NM cost?
Median Sold Price
$370,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87106 was $370,000 in March 2024, up 8.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $271.7K | +51.0% |
2 Bedrooms | $314K | $341K | +8.6% |
3 Bedrooms | $370K | $388.4K | +5.0% |
4 Bedrooms | $469.9K | $520K | +10.7% |
5+ Bedrooms | $550K | $447.5K | -18.6% |
Summary: 87106 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in 87106, NM
How many homes are available in 87106, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 66 | +3.1% |
Summary: The 87106 real estate market had 66 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 10 | -16.7% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 87106 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 87106 in March 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 87106, NM
How long does it take to sell a home in 87106, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 15 Days | -52.4% |
Summary: Homes in 87106 had an average of 15 days on market in Mar 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 87106; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.