Housing Prices in 87701, NM
How much do homes in 87701, NM cost?
Median List Price
$200,000
$138/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Summary: The median home list price in 87701 was $200,000 in April 2024, up 8.7% from the previous year, and the median price per square foot was $138.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.5K | $179K | +2.6% |
2 Bedrooms | $159.7K | $180K | +12.7% |
3 Bedrooms | $215K | $239K | +11.2% |
4 Bedrooms | $375K | $247K | -34.1% |
5+ Bedrooms | $284.5K | $299K | +5.1% |
Summary: 87701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 87701, NM
How many homes are available in 87701, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The 87701 real estate market had 18 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 87701 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 increased by 25%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Days on Market for 87701, NM
How long does it take to sell a home in 87701, NM?
Average Listing Age
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
165 Days | 127 Days | -22.9% |
Summary: Homes in 87701 had an average listing age of 127 days in Apr 2024, down by 22.9% compared to the previous year.