Is Cedar Crest, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cedar Crest has remained a Seller's Market.
Key Takeaway
Cedar Crest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Crest, NM
How much do homes in Cedar Crest, NM cost?
Median Sold Price
$489,000
$195/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Cedar Crest have sold for 7.5% more than they did a month ago.
Summary: The median home sold price in Cedar Crest was $489,000 in March 2024, up 7.5% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $442K | $466K | +5.4% |
| 4 Bedrooms | $455K | $650K | +42.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedar Crest 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 increased by 5.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes did not change.
Housing Supply in Cedar Crest, NM
How many homes are available in Cedar Crest, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Cedar Crest real estate market had 9 homes for sale in March 2024, a 25.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cedar Crest 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 decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Crest, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Cedar Crest in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Crest, NM
How long does it take to sell a home in Cedar Crest, NM?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 8 Days | +23.8% |
Summary: Homes in Cedar Crest had an average of 8 days on market in Mar 2024, up by 23.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Crest are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Cedar Crest; 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.