Is Los Ranchos de Albuquerque, 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, Los Ranchos de Albuquerque was a Seller's Market.
Key Takeaway
Los Ranchos de Albuquerque is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Los Ranchos de Albuquerque, NM
How much do homes in Los Ranchos de Albuquerque, NM cost?
Median Sold Price
$310,000
$257/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Los Ranchos de Albuquerque have sold for 51.3% less than they did a month ago.
Summary: The median home sold price in Los Ranchos de Albuquerque was $310,000 in March 2024, down 51.3% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $530K | $310K | -41.5% |
| 3 Bedrooms | $741K | $280K | -62.2% |
| 4 Bedrooms | $716K | $1.0M | +46.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Los Ranchos de Albuquerque 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 decreased by 41.5%, 3 bedroom homes decreased by 62.2%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes did not change.
Housing Supply in Los Ranchos de Albuquerque, NM
How many homes are available in Los Ranchos de Albuquerque, NM?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The Los Ranchos de Albuquerque real estate market had 19 homes for sale in March 2024, a 24.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Los Ranchos de Albuquerque 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 decreased by 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 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 Los Ranchos de Albuquerque, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Los Ranchos de Albuquerque in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Los Ranchos de Albuquerque, NM
How long does it take to sell a home in Los Ranchos de Albuquerque, NM?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 45 Days | +20.7% |
Summary: Homes in Los Ranchos de Albuquerque had an average of 45 days on market in Mar 2024, up by 20.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Los Ranchos de Albuquerque has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Los Ranchos de Albuquerque; 33% of homes were sold within 30 days, 67% 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. 
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.