Is Bernalillo, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$385,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bernalillo was $385,000 in June 2024, up 4.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $157.2K | N/A |
2 Bedrooms | $390K | $390K | 0.0% |
3 Bedrooms | $350.7K | $380K | +8.3% |
4 Bedrooms | $475K | $476K | 0.2% |
5+ Bedrooms | $1.2M | $350K | -70.8% |
Summary: Bernalillo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 70.8%.
Median Sold Price Compared To Nearby Cities
Placitas | $635K | $675K | +6.3% |
Bernalillo | $367.5K | $385K | +4.8% |
Rio Rancho | $341.4K | $352.4K | +3.2% |
Housing Supply in Bernalillo, NM
How many homes are available in Bernalillo, NM?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 33 | -5.7% |
Summary: The Bernalillo real estate market had 33 homes for sale in June 2024, a 5.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bernalillo housing inventory by bedroom type for June 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Bernalillo in June 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
15 Days | 37 Days | +140.9% |
Summary: Homes in Bernalillo had an average of 37 days on market in Jun 2024, up by 140.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Bernalillo; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.