Is 87144, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 87144 has remained a Seller's Market.
Housing Prices in 87144, NM
How much do homes in 87144, NM cost?
Median Sold Price
$360,937
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 87144 was $360,937 in April 2024, up 3.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $235K | +6.8% |
3 Bedrooms | $324.8K | $335K | +3.1% |
4 Bedrooms | $400K | $400K | 0.0% |
5+ Bedrooms | $523.5K | $465K | -11.2% |
Summary: 87144 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in 87144, NM
How many homes are available in 87144, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
312 | 288 | -7.7% |
Summary: The 87144 real estate market had 288 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 170 | 153 | -10.0% |
4 Bedrooms | 112 | 106 | -5.4% |
5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 87144 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 60 | -16.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 87144 in April 2024, down by 16.7% month-over-month. Of the 60 sold homes, 33% were sold under asking, 38% were sold at asking, and 28% were sold over asking.
Days on Market for 87144, NM
How long does it take to sell a home in 87144, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 52 Days | +46.4% |
Summary: Homes in 87144 had an average of 52 days on market in Apr 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in 87144; 70% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.