Is East Bernalillo, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Bernalillo has remained a Seller's Market.
Housing Prices in East Bernalillo, NM
How much do homes in East Bernalillo, NM cost?
Median Sold Price
$444,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Bernalillo was $444,000 in March 2024, up 7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $235K | +13.3% |
2 Bedrooms | $279K | $322.5K | +15.6% |
3 Bedrooms | $401K | $410K | +2.2% |
4 Bedrooms | $543K | $590K | +8.7% |
5+ Bedrooms | $667.5K | $556.5K | -16.6% |
Summary: East Bernalillo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
Tijeras | $411K | $455K | +10.7% |
East Bernalillo | $415K | $444K | +7.0% |
Edgewood | $400K | $413.5K | +3.4% |
Sandia Park | $549.9K | $542.5K | -1.4% |
Housing Supply in East Bernalillo, NM
How many homes are available in East Bernalillo, NM?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 72 | -2.7% |
Summary: The East Bernalillo real estate market had 72 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 38 | 34 | -10.5% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The East Bernalillo 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 increased by 12.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in East Bernalillo in March 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 40% were sold at asking, and 7% were sold over asking.
Days on Market for East Bernalillo, NM
How long does it take to sell a home in East Bernalillo, NM?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 37 Days | +8.2% |
Summary: Homes in East Bernalillo had an average of 37 days on market in Mar 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in East Bernalillo; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.