Is Northeast Albuquerque, 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, Northeast Albuquerque has remained a Seller's Market.
Housing Prices in Northeast Albuquerque, NM
How much do homes in Northeast Albuquerque, NM cost?
Median Sold Price
$350,495
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast Albuquerque was $350,495 in April 2024, up 6.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $149.9K | -6.3% |
2 Bedrooms | $250K | $278.1K | +11.2% |
3 Bedrooms | $310.9K | $334.8K | +7.7% |
4 Bedrooms | $430.4K | $450K | +4.6% |
5+ Bedrooms | $615.7K | $689K | +11.9% |
Summary: Northeast Albuquerque housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in Northeast Albuquerque, NM
How many homes are available in Northeast Albuquerque, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
863 | 844 | -2.2% |
Summary: The Northeast Albuquerque real estate market had 844 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 20 | 0.0% |
2 Bedrooms | 128 | 132 | +3.1% |
3 Bedrooms | 437 | 428 | -2.1% |
4 Bedrooms | 237 | 224 | -5.5% |
5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Northeast Albuquerque 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 increased by 3.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
206 | 254 | +23.3% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Summary: A total of 254 homes were sold or pending in Northeast Albuquerque in April 2024, up by 23.3% month-over-month. Of the 254 sold homes, 40% were sold under asking, 26% were sold at asking, and 33% were sold over asking.
Days on Market for Northeast Albuquerque, NM
How long does it take to sell a home in Northeast Albuquerque, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 20 Days | +33.9% |
Summary: Homes in Northeast Albuquerque had an average of 20 days on market in Apr 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
197 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 254 homes were sold in Northeast Albuquerque; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.