Is 87113, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 87113 was a Seller's Market.
Housing Prices in 87113, NM
How much do homes in 87113, NM cost?
Median Sold Price
$453,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87113 was $453,750 in March 2024, up 10.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | $199K | +14.7% |
2 Bedrooms | $248K | $250K | +0.8% |
3 Bedrooms | $377.5K | $400K | +6.0% |
4 Bedrooms | $489K | $553K | +13.1% |
5+ Bedrooms | $639.5K | $553.5K | -13.4% |
Summary: 87113 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in 87113, NM
How many homes are available in 87113, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Summary: The 87113 real estate market had 30 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 87113 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 increased by 100%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 87113 in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 87113, NM
How long does it take to sell a home in 87113, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 9 Days | -28.8% |
Summary: Homes in 87113 had an average of 9 days on market in Mar 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 87113; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.