Is Bosque Farms, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bosque Farms was a Seller's Market.
Key Takeaway
Bosque Farms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bosque Farms, NM
How much do homes in Bosque Farms, NM cost?
Median Sold Price
$260,000
$138/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Bosque Farms have sold for 53.6% less than they did a month ago.
Summary: The median home sold price in Bosque Farms was $260,000 in March 2024, down 53.6% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $260K | N/A |
| 4 Bedrooms | $560K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Bosque Farms housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bosque Farms | $560K | $260K | -53.6% |
| Bosque Farms | $560K | $260K | -53.6% |
Housing Supply in Bosque Farms, NM
How many homes are available in Bosque Farms, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Bosque Farms real estate market had 8 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bosque Farms 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bosque Farms, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Bosque Farms in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bosque Farms, NM
How long does it take to sell a home in Bosque Farms, NM?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 174 Days | 3 Days | -98.3% |
Summary: Homes in Bosque Farms had an average of 3 days on market in Mar 2024, down by 98.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bosque Farms are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Bosque Farms; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.