Is Bernalillo, 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, Bernalillo has remained a Seller's Market.
Housing Prices in Bernalillo, NM
How much do homes in Bernalillo, NM cost?
Median Sold Price
$369,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bernalillo was $369,000 in March 2024, down 0.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231K | $53K | -77.1% |
2 Bedrooms | $368K | $385K | +4.6% |
3 Bedrooms | $355.7K | $357K | 0.4% |
4 Bedrooms | $456K | $475K | +4.2% |
5+ Bedrooms | $2.1M | $1.2M | -42.9% |
Summary: Bernalillo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.1%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Cities
Rio Rancho | $337K | $352.3K | +4.5% |
Placitas | $652.5K | $678K | +3.9% |
Bernalillo | $372.5K | $369K | -0.9% |
Housing Supply in Bernalillo, NM
How many homes are available in Bernalillo, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Bernalillo real estate market had 23 homes for sale in March 2024, a 8.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Bernalillo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bernalillo in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Bernalillo, NM
How long does it take to sell a home in Bernalillo, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 41 Days | +1.8% |
Summary: Homes in Bernalillo had an average of 41 days on market in Mar 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Bernalillo; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.