Is Bernalillo County, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
Key Takeaway
Homes in Bernalillo County have sold for 16.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2021 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | $140.5K | $184.2K | +31.1% |
| 2 Bedrooms | $182.4K | $220K | +20.6% |
| 3 Bedrooms | $235.1K | $275K | +17.0% |
| 4 Bedrooms | $315K | $369.9K | +17.4% |
| 5+ Bedrooms | $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 2022 | Apr 2022 | % |
|---|---|---|
| 2,266 | 1,944 | -14.2% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | 64 | 47 | -26.6% |
| 2 Bedrooms | 328 | 265 | -19.2% |
| 3 Bedrooms | 1,181 | 1,013 | -14.2% |
| 4 Bedrooms | 557 | 504 | -9.5% |
| 5+ Bedrooms | 136 | 115 | -15.4% |
Number of Homes Sold
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 781 | 722 | -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
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 2021 | Apr 2022 | % |
|---|---|---|
| 16 Days | 10 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
Key Takeaway
Many homes in Bernalillo County are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2022 Southwest Multiple Listing Service. All Rights Reserved.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 