How much do homes in 87120, NM cost?

Median List Price

$267,825

Based on all homes listed in the last 12 months.

Difference Since June 2020

+$17,825(+7.1%)

Key Takeaway

The list price of homes in 87120 has increased by 7.1% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSJun 2020Jun 2021%
1 -$257.5KN/A
2 $159.6K$189.4K+18.7%
3 $220K$242.9K+10.4%
4 $322.9K$339.9K+5.3%
5+ $370.9K$385.4K+3.9%

Median List Price Compared To Nearby Zip Codes

87107
+28.6%
87104
+18.8%
87121
+14.4%
87114
+11.9%
87120
+7.1%

How many homes are available in 87120, NM?

Number of Homes For Sale

May 2021Jun 2021%
304242-20.4%

Homes For Sale By Bedroom Count

# BEDSMay 2021Jun 2021%
1 000.0%
2 2523-8.0%
3 187145-22.5%
4 7859-24.4%
5+ 1415+7.1%

Asking Price vs. Sold Price

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Average Listing Age

Jun 2020Jun 2021%
150 Days60 Days-59.6%

Breakdown of Home Sale Times

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About 87120, NM

There are 242 homes are for sale in 87120, NM real estate market. The number of homes for sale in 87120, NM decreased by 20.4% between May 2021 and June 2021. Listings spent 60 days on the market in June 2021, and had a median list price of $267,825 during the same period. Between May 2021 and June 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 18.7%, prices of 3 bedrooms properties increased by 10.4%, the cost of 4 bedrooms properties went up by 5.3%, prices of 5 bedrooms properties went up by 3.9%. This housing market inventory have changed: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 8%, 3 bedrooms homes became 22.5% less available, volume of 4 bedrooms homes went down by 24.4%, the quantity of 5 bedrooms homes went up by 7.1%. In June 2021 more than 62 listings in 87120, NM were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 25 were sold below.