Is Southeast 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, Southeast Albuquerque has remained a Seller's Market.
Housing Prices in Southeast Albuquerque, NM
How much do homes in Southeast Albuquerque, NM cost?
Median Sold Price
$331,229
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast Albuquerque was $331,229 in April 2024, down 0.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $205K | +39.5% |
2 Bedrooms | $260K | $285K | +9.6% |
3 Bedrooms | $344.8K | $330K | -4.3% |
4 Bedrooms | $425K | $438K | +3.1% |
5+ Bedrooms | $542.5K | $465K | -14.3% |
Summary: Southeast Albuquerque housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
South San Pedro | $224K | $247K | +10.3% |
Southeast Albuquerque | $333.8K | $331.2K | -0.8% |
Housing Supply in Southeast Albuquerque, NM
How many homes are available in Southeast Albuquerque, NM?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
217 | 207 | -4.6% |
Summary: The Southeast Albuquerque real estate market had 207 homes for sale in April 2024, a 4.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 27 | +22.7% |
2 Bedrooms | 61 | 48 | -21.3% |
3 Bedrooms | 85 | 78 | -8.2% |
4 Bedrooms | 39 | 42 | +7.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Southeast Albuquerque housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 40 | -27.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Southeast Albuquerque in April 2024, down by 27.3% month-over-month. Of the 40 sold homes, 48% were sold under asking, 28% were sold at asking, and 25% were sold over asking.
Days on Market for Southeast Albuquerque, NM
How long does it take to sell a home in Southeast Albuquerque, NM?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 42 Days | +48.1% |
Summary: Homes in Southeast Albuquerque had an average of 42 days on market in Apr 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Southeast Albuquerque; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.