Is Paradise Hill, 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, Paradise Hill has remained a Seller's Market.
Key Takeaway
Paradise Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paradise Hill, NM
How much do homes in Paradise Hill, NM cost?
Median Sold Price
$365,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Paradise Hill have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Paradise Hill was $365,000 in April 2024, up 1.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $168.6K | N/A |
| 2 Bedrooms | $197K | $220K | +11.7% |
| 3 Bedrooms | $338.5K | $355K | +4.9% |
| 4 Bedrooms | $400K | $407K | +1.8% |
| 5+ Bedrooms | $458K | $534.9K | +16.8% |
Summary: Paradise Hill 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 increased by 11.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in Paradise Hill, NM
How many homes are available in Paradise Hill, NM?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 53 | -15.9% |
Summary: The Paradise Hill real estate market had 53 homes for sale in April 2024, a 15.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 1 | -80.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Paradise Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 80%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Paradise Hill in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Paradise Hill, NM
How long does it take to sell a home in Paradise Hill, NM?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 50 Days | +187.0% |
Summary: Homes in Paradise Hill had an average of 50 days on market in Apr 2024, up by 187% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paradise Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Paradise Hill; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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.