Is Bernalillo County, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bernalillo County is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Bernalillo County has remained a Seller's Market.

Key Takeaway

Bernalillo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bernalillo County, NM cost?

Median Sold Price

$291,614

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$41,658(+16.7%)

Key Takeaway

Homes in Bernalillo County have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $140.5K$184.2K
+31.1%
2 $182.4K$220K
+20.6%
3 $235.1K$275K
+17.0%
4 $315K$369.9K
+17.4%
5+ $407.4K$450.8K
+10.6%

Median Sold Price Compared To Nearby Counties

Torrance County
+30.4%
Sandoval County
+22.7%
Valencia County
+20.2%
Bernalillo County
+16.7%
Santa Fe County
+15.5%

How many homes are available in Bernalillo County, NM?

Number of Homes For Sale

Mar 2022Apr 2022%
2,2661,944-14.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 6447
-26.6%
2 328265
-19.2%
3 1,1811,013
-14.2%
4 557504
-9.5%
5+ 136115
-15.4%

Number of Homes Sold

Mar 2022Apr 2022%
781722-7.6%

Asking Price vs. Sold Price

138 Homes Were Sold
Under Asking

125 Homes Were Sold
At Asking

457 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bernalillo County, you could pay more than the asking price. 63.5% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
16 Days10 Days-34.7%

Breakdown of Home Sale Times

668 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bernalillo County are selling fast, if you're buying plan to act quickly.

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

About Bernalillo County, NM

Number of homes for sale in Bernalillo County, NM real estate market have reached 1,944. Between March 2022 and April 2022, Bernalillo County, NM real estate market has seen decrease in the number of listings by 14.2%. In April 2022 median list price was $291,614 and the average listing age was 10 days. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties became 31.1% more expensive, the cost of 2 bedrooms properties went up by 20.6%, the cost of 3 bedrooms properties went up by 17%, 4 bedrooms properties prices increased by 17.4%, the cost of 5 bedrooms properties went up by 10.6%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 26.6%, the quantity of 2 bedrooms homes went down by 19.2%, volume of 3 bedrooms homes went down by 14.2%, volume of 4 bedrooms homes went down by 9.5%, number of 5 bedrooms homes decreased by 15.4%. While more than 457 listings in Bernalillo County, NM in April 2022 were sold above asking price, there were more than 125 listings sold at asking price, and more than 138 were sold below.

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