Housing Prices in 87551, NM

How much do homes in 87551, NM cost?

Median List Price

$220,000

$199/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

-$35,000(-13.7%)

Key Takeaway

The list price of homes in 87551 has decreased by 13.7% since last year.

Summary: The median home list price in 87551 was $220,000 in April 2024, down 13.7% from the previous year, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $119.9K$119.9K
0.0%
2 $240K$262.4K
+9.3%
3 $349K$362K
+3.7%
4 $535K-
N/A
5+ --
N/A

Summary: 87551 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 9.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

87520
+4.5%
87551
-13.7%

Housing Supply in 87551, NM

How many homes are available in 87551, NM?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
660.0%

Summary: The 87551 real estate market had 6 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 22
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 87551 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 87551, NM

How long does it take to sell a home in 87551, NM?

Average Listing Age

Apr 2023Apr 2024CHANGE
283 Days159 Days-43.6%

Summary: Homes in 87551 had an average listing age of 159 days in Apr 2024, down by 43.6% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 87551, NM

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