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 May 2022

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

$320,028

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$21,109(+7.1%)

Key Takeaway

Homes in Bernalillo County have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $190K$180K
-5.3%
2 $223.2K$245K
+9.7%
3 $280.1K$305.1K
+8.9%
4 $374.8K$399.8K
+6.7%
5+ $458.3K$491.5K
+7.2%

Median Sold Price Compared To Nearby Counties

Santa Fe County
+12.2%
Sandoval County
+7.7%
Bernalillo County
+7.1%
Valencia County
+4.0%

How many homes are available in Bernalillo County, NM?

Number of Homes For Sale

Apr 2023May 2023%
1,8671,725-7.6%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 4240
-4.8%
2 286261
-8.7%
3 873800
-8.4%
4 546505
-7.5%
5+ 120119
-0.8%

Number of Homes Sold

Apr 2023May 2023%
511566+10.8%

Asking Price vs. Sold Price

181 Homes Were Sold
Under Asking

159 Homes Were Sold
At Asking

226 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. 39.9% of homes here sold above asking price last month.

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

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

Average Sale Time

May 2022May 2023%
9 Days17 Days+89.5%

Breakdown of Home Sale Times

480 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

29 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.

What housing markets are near Bernalillo County, NM?

About Bernalillo County, NM

Number of homes for sale in Bernalillo County, NM real estate market have reached 1,725. Between April 2023 and May 2023, Bernalillo County, NM real estate market has seen decrease in the number of listings by 7.6%. While the average time on the market in May 2023 was 17 days, the median list price was $320,028. Listing prices have changed in this real estate market between April 2023 and May 2023: the cost of 1 bedroom properties went down by 5.3%, prices of 2 bedrooms properties went up by 9.7%, 3 bedrooms properties became 8.9% more expensive, 4 bedrooms properties became 6.7% more expensive, 5 bedrooms properties became 7.2% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 4.8%, 2 bedrooms homes inventory decreased by 8.7%, 3 bedrooms homes became 8.4% less available, number of 4 bedrooms homes decreased by 7.5%, the quantity of 5 bedrooms homes went down by 0.8%. Over 226 listings were sold over their listed price in May 2023 in Bernalillo County, NM. In the same period over 181 listings were sold below the listed price and 159 listings were sold for the listed price.