Is Las Campanas, NM a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Las Campanas was a Seller's Market.
Housing Prices in Las Campanas, NM
How much do homes in Las Campanas, NM cost?
Median Sold Price
$1,685,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Las Campanas was $1,685,000 in April 2024, down 5.1% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.8M | $1.3M | -25.5% |
3 Bedrooms | $1.6M | $1.5M | -3.8% |
4 Bedrooms | $1.8M | $2.1M | +16.8% |
5+ Bedrooms | $2.7M | $3.2M | +20.4% |
Summary: Las Campanas 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 decreased by 25.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in Las Campanas, NM
How many homes are available in Las Campanas, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Las Campanas real estate market had 42 homes for sale in April 2024, a 16.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Las Campanas 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 18.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Las Campanas in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Las Campanas, NM
How long does it take to sell a home in Las Campanas, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
109 Days | 140 Days | +28.2% |
Summary: Homes in Las Campanas had an average of 140 days on market in Apr 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Las Campanas; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.