Is Solar Village / Mid-Unser, NM a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Solar Village / Mid-Unser is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Solar Village / Mid-Unser has remained a Seller's Market.

Key Takeaway

Solar Village / Mid-Unser is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Solar Village / Mid-Unser, NM

How much do homes in Solar Village / Mid-Unser, NM cost?

Median Sold Price

$340,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+3.0%)

Key Takeaway

Homes in Solar Village / Mid-Unser have sold for 3% more than they did a year ago.

Summary: The median home sold price in Solar Village / Mid-Unser was $340,000 in April 2024, up 3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $410K$259K
-36.8%
3 $299K$315K
+5.4%
4 $493.6K$483.8K
-2.0%
5+ $552.4K$579.5K
+4.9%

Summary: Solar Village / Mid-Unser 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 36.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 4.9%.

Housing Supply in Solar Village / Mid-Unser, NM

How many homes are available in Solar Village / Mid-Unser, NM?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1918-5.3%

Summary: The Solar Village / Mid-Unser real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 108
-20.0%
4 44
0.0%
5+ 34
+33.3%

Summary: The Solar Village / Mid-Unser 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Solar Village / Mid-Unser, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Solar Village / Mid-Unser in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Solar Village / Mid-Unser, NM

How long does it take to sell a home in Solar Village / Mid-Unser, NM?

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days39 Days+722.9%

Summary: Homes in Solar Village / Mid-Unser had an average of 39 days on market in Apr 2024, up by 722.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Solar Village / Mid-Unser are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in Solar Village / Mid-Unser; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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