Is 87544, 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, 87544 has remained a Seller's Market.
Housing Prices in 87544, NM
How much do homes in 87544, NM cost?
Median Sold Price
$596,575
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 87544 was $596,575 in March 2024, up 22.3% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $310K | +72.2% |
2 Bedrooms | $320K | $415K | +29.7% |
3 Bedrooms | $478.5K | $537K | +12.2% |
4 Bedrooms | $613.7K | $725K | +18.1% |
5+ Bedrooms | $660.1K | $767K | +16.2% |
Summary: 87544 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 87544, NM
How many homes are available in 87544, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 49 | -10.9% |
Summary: The 87544 real estate market had 49 homes for sale in March 2024, a 10.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 87544 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 87544 in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for 87544, NM
How long does it take to sell a home in 87544, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 23 Days | +104.7% |
Summary: Homes in 87544 had an average of 23 days on market in Mar 2024, up by 104.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 87544; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.