Is Cabezon, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cabezon has remained a Seller's Market.
Key Takeaway
Cabezon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabezon, NM
How much do homes in Cabezon, NM cost?
Median Sold Price
$383,625
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cabezon have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Cabezon was $383,625 in April 2024, down 1.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $309.9K | +8.8% |
| 3 Bedrooms | $360K | $346.5K | -3.8% |
| 4 Bedrooms | $435K | $437.5K | +0.6% |
| 5+ Bedrooms | $485K | $526K | +8.5% |
Summary: Cabezon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Albuquerque | $336.4K | $354.9K | +5.5% |
| Cabezon | $389K | $383.6K | -1.4% |
Housing Supply in Cabezon, NM
How many homes are available in Cabezon, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Cabezon real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Cabezon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cabezon, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cabezon in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Cabezon, NM
How long does it take to sell a home in Cabezon, NM?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 24 Days | -7.3% |
Summary: Homes in Cabezon had an average of 24 days on market in Apr 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cabezon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Cabezon; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.